Highway Funding Transferability Improvement Act

This bill increases the amount of federal highway program funds that a state may reallocate annually between designated programs. 

Specifically, for the following programs, the bill allows a state to reallocate up to 75% (currently, 50%) of the annual funding for each program to any of the other programs:

• National Highway Performance Program;
• Surface Transportation Block Grant Program;
• Highway Safety Improvement Program;
• Congestion Mitigation and Air Quality Improvement Program;
• National Highway Freight Program;
• Carbon Reduction Program; and
• Promoting Resilient Operations for Transformative, Efficient, and Cost-Saving Transportation Formula Program (also known as the PROTECT Formula Program).