23 U.S.C. § 124 : US Code - Section 124: Advances to States

Search 23 U.S.C. § 124 : US Code - Section 124: Advances to States

If the Secretary shall determine that it is necessary for the
expeditious completion of projects on any of the Federal-aid
systems, including the Interstate System, he may advance to any
State out of any existing appropriations the Federal share of the
cost of construction thereof to enable the State transportation
department to make prompt payments for acquisition of rights-of-
way, and for the construction as it progresses. The sums so
advanced shall be deposited in a special revolving trust fund, by
the State official authorized under the laws of the State to
receive Federal-aid highway funds, to be disbursed solely upon
vouchers approved by the State transportation department for rights-
of-way which have been or are being acquired, and for construction
which has been actually performed and approved by the Secretary
pursuant to this chapter. Upon determination by the Secretary that
any part of the funds advanced to any State under the provisions of
this section are no longer required, the amount of the advance,
which is determined to be in excess of current requirements of the
State, shall be repaid upon his demand, and such repayments shall
be returned to the credit of the appropriation from which the funds
were advanced. Any sum advanced and not repaid on demand shall be
deducted from sums due the State for the Federal pro rata share of
the cost of construction of Federal-aid projects.