513 billion proposes FY '06 spending of $184 million from the dedicated Inland Waterways Trust Fund (IWTF) for the modernization of priority, Congressionally-approved locks and dams on the inland system.
Currently, there is approximately $31 billion in the four transportation trust funds - the Highway Trust Fund, the Aviation Trust Fund, the Inland Waterways Trust Fund, and the Harbor Maintenance Trust Fund.
46 billion in funding, half of which will come from the Inland Waterways Trust Fund, for construction of new 1,200-foot locks at Locks 20, 21, 22, 24 and 25 on the upper Mississippi and at LaGrange and Peoria Locks on the Illinois.
The purpose of the Inland Waterways Users Board is to make recommendations to the Congress and the Secretary of the Army on the priorities and spending from the Inland Waterways Trust Fund for construction and rehabilitation projects on the fuel-taxed waterways system.
This budget request proposes FY '05 spending between $115 and $133 million from the dedicated Inland Waterways Trust Fund for the modernization of priority, Congressionally-approved locks and dams on the inland system.
The FY '04 conference report project funding total for projects funded from the Inland Waterways Trust Fund is approximately $271 million for lock and dam improvement projects.
WASHINGTON -- WASHINGTON, June 12 /PRNewswire/ -- In a June 3 letter to Office of Management and Budget Director Mitch Daniels, 23 members of the United States Senate, two of which chair key Senate committees, have expressed their strong opposition to the proposal in the FY 2004 budget to assess between 25 and 50 percent of the Inland Waterways Trust Fund to cover not only the currently mandated costs of new capital improvements and major rehabilitation on the inland system, but also the costs of operating and maintaining the nation's inland waterways.
