PIERRE, S.D. – The South Dakota Department of Transportation says they have received an additional $23 million in federal highway funding after the state met all of its fiscal year deadlines for federally-funded projects.
“The SDDOT has once again received additional money for its responsible use of federal funding by fully obligating our $259.8 million in spending authority by letting projects prior to federal deadlines,” says Secretary of Transportation Darin Bergquist.
When states or other federal entities which are funded through the federal highway trust fund do not fully utilize their federal funds in a given year, the Federal Highway Administration makes those funds available to other states that have successfully obligated their allotment of federal dollars. This year, the federal pool totaled $2.8 billion.
The department has a proven track record of being eligible for redistribution of funds and maximizing its federal funding. On average the department sees about $12 million per year by ensuring our federal transportation program is delivered. This year’s additional money will be used toward continued preservation of our states highways and bridges.
For more information about this year’s redistribution of federal funds, visit http://www.fhwa.dot.gov/legsregs/directives/notices/n4520242.cfm.