The White House announced today that it is offering over $470 million in unspent earmarks from years ago to states that need help funding transportation projects.
The funds were appropriated in fiscal years 2003-2006, but never used. Now, states can apply for the money through the U.S. Transportation Department, and will get it as long as they obligate the cash by the end of this year.
“We are freeing up these funds so states can get down to the business of moving transportation projects forward and putting our friends and neighbors back to work,” said Transportation Secretary Ray LaHood.
“Particularly in these difficult fiscal times, states will be able to put these dollars to good use,” added Federal Highway Administrator Victor Mendez. ”These funds will create jobs in the short term and help bring about what President Obama called ‘an America built to last.’”
Obama, himself, also commented on the move, saying it shows that “my administration will continue to do everything we can to put Americans back to work.”
Click here to see a state-by-state list of available funds…