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More Rescissions for TxDOT
04/21/2008
On March 4th, the Federal Highway Administration (FHWA) issued a Notice of Rescissions of Federal-Aid Appointments. Texas’ portion of the $3.15 billion rescission is $257,989,173. The most recent rescission brings the total to over $900 million that has been rescinded from Texas since January 2005.
This rescission while not exclusive to Texas (all 50 states were asked to return funds) this year's rescission is unique in at least one aspect. This legislation specifies dollar amounts to rescind in each eligible category while limiting the flexibility of shifting 10 percent among categories. Previous rescissions have allowed states to determine what categories to reduce in order to meet the requirements of the rescission.
