The current funding for Federal surface transportation programs, including FTA, has been extended eight (8) times since it was signed in 2005. A new bill will mark the end of the old program. The current funding is set to expire on March 31st, 2012.
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Current Funding - SAFETEA-LU
On August 10, 2005, President George W. Bush signed the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU) (Pub. L. 109-59), providing $286.4 billion in guaranteed funding for federal surface transportation programs over five years through FY 2009 (and extended, currently to 2011), including $52.6 billion for federal transit programs – a 46% increase over transit funding guaranteed in TEA-21.
Past Funding - TEA-21
During the reauthorization of the Transportation Equity Act for the 21st Century (TEA-21), which expired on September 30, 2003. TEA-21 was enacted on June 9, 1998, P.L. 105-178, and authorized the Federal surface transportation programs for highways, highway safety, and transit for the 6-year period from 1998-2003.