H.R. 4926

Highway Funding Transferability Improvement Act This bill increases the amount of federal highway program funds that a state may reallocate annually between designated programs. Specifically, for the following programs, the bill allows a state to reallocate up to 75% (currently, 50%) of the annual funding for each program to any of the other programs: • National Highway Performance Program; • Surface Transportation Block Grant Program; • Highway Safety Improvement Program; • Congestion Mitigation and Air Quality Improvement Program; • National Highway Freight Program; • Carbon Reduction Program; and • Promoting Resilient Operations for Transformative, Efficient, and Cost-Saving Transportation Formula Program (also known as the PROTECT Formula Program).