§ 126. Uniform transferability of Federal-aid highway funds
(a)
General Rule.—
Notwithstanding any other provision of law but subject to subsections (b) and (c), if at least 50 percent of a State’s apportionment under section
104 or
144 for a fiscal year or at least 50 percent of the funds set-aside under section
133
(d) from the State’s apportionment under section
104
(b)(3) may not be transferred to any other apportionment of the State under section
104 or
144 for such fiscal year, then the State may transfer not to exceed 50 percent of such apportionment or set aside to any other apportionment of such State under section
104 or
144 for such fiscal year.
(b)
Application to Certain Set-Asides.—
No funds may be transferred under this section that are subject to the last sentence of section
133
(d)(1) [1] or to section
104
(f) or to section
133
(d)(3). The maximum amount that a State may transfer under this section of the State’s set-aside under section
133
(d)(1) [1] or
133
(d)(2) for a fiscal year may not exceed 25 percent of
(c)
Application to Certain CMAQ Funds.—
The maximum amount that a State may transfer under this section of the State’s apportionment under section
104
(b)(2) for a fiscal year may not exceed 50 percent of
(2)
the amount that the State’s apportionment under section
104
(b)(2) for such fiscal year would have been had the program been funded at $1,350,000,000. Any such funds apportioned under section
104
(b)(2) and transferred under this section may only be obligated in geographic areas eligible for the obligation of funds apportioned under section
104
(b)(2).
[1] See References in Text note below.