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December 2015
The Fixing America’s Surface Transportation (FAST) Act, Pub. L. No.
114-94, reauthorizes surface transportation programs for five years,
providing $305 billion over fiscal years 2016 to 2020. The FAST Act
includes $225.2 billion for highways and $48.7 billion for transit
programs. It continues nearly all of the highway and transit formula
programs of MAP-21, and focuses much of the increase in highway
funding on two new freight programs, one formula-based and one
discretionary. The Act reestablishes the bus and bus facilities
discretionary grant program, converts the Surface Transportation
Program into a block grant, and builds on the environmental
streamlining and project acceleration provisions of previous
authorization bills. The text of the law can be found here.