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Value Pricing Pilot Program Policy & LegislationOn August 10, 2005, President George W. Bush signed the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU). SAFETEA-LU authorizes the Federal surface transportation programs for highways, highway safety, and transit for the 5-year period 2005-2009. SAFETEA-LU provides a total of $59 million for fiscal years (FY) 2005-2009 for the VPP program. $11 million was authorized for FY 2005 and $12 million was authorized for each of FYs 2006 through 2009. Of the amounts made available to carry out the program, $3 million will be set-aside in each of the fiscal years 2006 through 2009 for value pricing projects that do not involve highway tolls. Funds available for the VPP program can be used to support pre-implementation study activities and to pay for implementation costs of value pricing projects. 2007 - 2008 Value Pricing Funds were awarded to Urban Partnership projects.
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