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Acknowledgments US Department of Transportation - BTS

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The Inland Waterways Trust Fund was established by the Inland Waterways Revenue Act <strong>of</strong> 1978 and amended bythe Water Resources Development Act <strong>of</strong> 1986. The trust fund has been in effect since fiscal year 1981. The sourcesfor the fund are taxes imposed on fuel for vessels engaged in commercial waterway transportation and investmentinterest. From this tax <strong>of</strong> 24.3 cents per gallon, 4.3 cents goes for deficit reduction, and a statutory maximum <strong>of</strong> 20cents (raised to that level from the previous maximum <strong>of</strong> 19 cents at the beginning <strong>of</strong> 1995) goes to the Trust Fund.The funds are earmarked for financing one-half <strong>of</strong> the construction and rehabilitation costs <strong>of</strong> specified inlandwaterway projects.The Oil Spill Liability Trust Fund was established by the Omnibus Budget Reconciliation Act <strong>of</strong> 1989. Revenues forthis fund are raised through tax collection <strong>of</strong> 5 cents on each barrel <strong>of</strong> oil produced domestically or imported (OMB,1999). The resources from this fund are used to finance oil pollution prevention and cleanup activities by variousfederal agencies. For the U.S. Coast Guard, the fund finances oil spill recovery and payment <strong>of</strong> claims. Beginning in1997, the fund also finances the annual disbursement to the Prince William Sound Oil Spill Recovery Institute.The Panama Canal Commission was established by the Panama Canal Act <strong>of</strong> 1979 to manage, operate, andmaintain the Panama Canal under the Panama Canal Treaty <strong>of</strong> 1977. The treaty period ended on December 31,1999, when the Republic <strong>of</strong> Panama assumed full responsibility for the canal. During the treaty period, thecommission collected tolls and other revenues, which were deposited in the U.S. Treasury in an account known asthe Panama Canal Revolving Fund. Money from this fund was used to finance canal operations and capitalprograms, which were reviewed annually by Congress. The revenues reported under this category for FY 2000 arefor the first quarter (October 1999 - December 1999) <strong>of</strong> Panama Canal operations.State and local water revenues are derived from canal tolls, rents from leases, concession rents, and other chargesfor use <strong>of</strong> commercial or industrial water transport and port terminal facilities and related services. Fees and rentsrelated to water facilities provided for recreational purposes, such as marina and public docks, and toll ferries are notincluded.Rail RevenuesThere are no governmental transportation revenues for rail (Rail generates fuel taxes that are designated for deficitreduction and, thus, are not considered transportation revenues in these tables).Pipeline RevenuesThe Pipeline Safety Program is funded by user fees assessed on a per-mile basis. The assessments are made oneach pipeline operator regulated by the Office <strong>of</strong> Pipeline Safety (OPS) <strong>of</strong> the Research and Special ProgramsAdministration (RSPA) in the U.S. <strong>Department</strong> <strong>of</strong> <strong>Transportation</strong>. There are no state and local revenues for pipeline.General Support RevenuesGeneral support revenues come from the Emergency Preparedness Fund, which is generated from fees paid byregistered shippers <strong>of</strong> hazardous materials. RSPA administers and distributes the revenues to states, territories, andtribes through the Hazardous Materials Emergency Preparedness (HMEP) grant program, which is authorized byFederal Hazardous Materials <strong>Transportation</strong> Law.<strong>Transportation</strong> ExpendituresExpenditures, rather than obligations, are used in these tables because they represent the final, actual costs to thegovernment, by year, for capital goods and operating services required by transportation programs. Obligationssuggest government commitment to future transportation expenditures, but do not indicate when the funds willactually be disbursed or even if the amounts obligated will be spent.It is important to recognize that in some accounts in the Budget <strong>of</strong> the United States Government, expenditures for aparticular year understate total government disbursements. This is because certain <strong>of</strong>fsetting collections <strong>of</strong> fees andassessments from the public are not treated as government revenues, but deducted from disbursements to determineexpenditures. These collections are those mandated, by statute, to directly fund agency expenditures rather than betransferred to the U.S. Treasury. For this reason, expenditures do not necessarily indicate how much the federalgovernment actually spends on transportation each year.

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