Saturday, August 18, 2012

Unspent Earmarks Available For Road Projects

{Washington, D.C.}...Transportation Secretary Ray LaHood announced Friday that $470 million in unspent earmark money would be made available to states for transportation projects. Kentucky could receive $17.5 million. States have until October 1st to identify how they intend to use the money and must obligate the funds by the end of the year or lose them. The new funds, announced some two months before the presidential election, are a fraction of the nearly $48 billion that the department has awarded for road and bridge projects since 2009 under the administration's economic stimulus program. Three years into the program, $36 billion in stimulus funds have been paid out.