23 CFR 669.13 – Effect of failure to certify or to adequately obtain proof-of-payment
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If a State fails to certify as required by this regulation or if the Secretary of Transportation determines that a State is not adequately obtaining proof-of-payment of the heavy vehicle use tax as a condition of registration notwithstanding the State’s certification, Federal-aid highway funds apportioned to the State under 23 U.S.C. § 104(b)(1) for the next fiscal year shall be reduced in an amount up to 8 percent as determined by the Secretary.
Terms Used In 23 CFR 669.13
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.