A Bill To Authorize Funds For Federal-Aid Highways, Highway Safety Programs, And Transit Programs, And For Other Purposes - 114th Congress 1st Session Page 212

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F:\M14\SHUSTE\SHUSTE_044.XML
212
1
‘‘(3) H
.—The term ‘Highway
IGHWAY ACCOUNT
2
Account’ means the portion of the Highway Trust
3
Fund that is not the Mass Transit Account.
4
‘‘(4) M
.—The term
ASS
TRANSIT
ACCOUNT
5
‘Mass Transit Account’ means the Mass Transit Ac-
6
count of the Highway Trust Fund established under
7
section 9503(e)(1) of the Internal Revenue Code of
8
1986.’’.
9
(2) C
.—The analysis for
LERICAL AMENDMENT
10
chapter 1 of title 23, United States Code, is amend-
11
ed by inserting after the item relating to section 104
12
the following:
‘‘105. Adjustments to contract authority.’’.
13
SEC. 1415. ADJUSTMENTS.
14
(a) I
G
.—On July 1, 2018, of the unobli-
N
ENERAL
15
gated balances of funds apportioned among the States
16
under chapter 1 of title 23, United States Code, prior to
17
October 1, 2017, a total of $6,000,000,000 is permanently
18
rescinded.
19
(b) E
F
R
.—The rescission
XCLUSIONS
ROM
ESCISSION
20
under subsection (a) shall not apply to funds distributed
21
in accordance with—
22
(1) sections 104(b)(3) and 130(f) of title 23,
23
United States Code;
24
(2) sections 133(d)(1)(A) of such title;
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