A bill to authorize appropriations for construction of certain highways in accordance with title 23 of the United States Code, and for other purposes.

Summary

Provides that in the case of each State which before January 1, 1974, shall have constructed or acquired any interstate toll bridge (including approaches thereto), which caused such toll bridge to be made free, which bridge is owned and maintained by such State or by a political subdivision thereof, and which bridge is on the Federal-aid primary and secondary system (other than the Interstate System), sums apportioned to such State as primary and secondary system assistance for urban areas shall be available to pay the Federal share of a bridge construction project: (1) in such amount as the Secretary determines to be the resonable value of such bridge after deducting therefrom that portion of such value attributable to any grant or contribution previously paid by the United States in connection with the construction or acquisition of such bridge, and exclusive of rights-of-way; or (2) in the amount by which the principal amount of the outstanding unpaid bonds or other obligations created and issued for the construction or acquisition of such bridge exceeds the amount of any funds accumulated or provided for their amortization, on the date such bridge is made free, whichever is the lesser amount. (Adds 23 U.S.C. 129 (b))

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Documents

1 official file

• Introduced in House

  summary · EN · 10 April 1973

  Open at official source

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