Federal-Aid Highways: States Need Guidance on Sales or Leases of Real Property Purchased with Federal Funds

In 1998, the Transportation Equity Act for the 21st Century (TEA-21) authorized the states to retain the federal share of proceeds from the sale or lease of real property that had been purchased with federal-aid funds. It also required the states to use the federal share on other highway projects eligible for funding under the federal-aid highway program. The U.S. General Accounting Office (GAO) determined (1) the extent to which states are selling, leasing, or disposing of real property purchased with federal-aid funds and (2) how the proceeds generated from the sale or lease of real property are being used, including whether they are being used in accordance with TEA-21. GAO issued a related legal opinion in September 2002.

• Record URL:
  • https://ntlrepository.blob.core.windows.net/lib/20000/20000/20007/PB2003102428.pdf
• 
• Corporate Authors:

  U.S. General Accounting Office

  441 G Street, NW
  Washington, DC  United States  20548
• Publication Date: 2002-12-13

Language

• English

Media Info

• Media Type: Web
• Features: Appendices; Figures; Tables;
• Pagination: 42p

Subject/Index Terms

• TRT Terms: Federal aid highways; Federal government; Financing; Leasing; Real property; Sales; States
• Identifier Terms: Transportation Equity Act for the 21st Century
• Subject Areas: Finance; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 01109090
• Record Type: Publication
• Report/Paper Numbers: GAO-03-207
• Files: NTL, TRIS
• Created Date: Aug 22 2008 8:43AM