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3/28/2024 WASHINGTON - Within hours of receiving the request, the U.S. Department of Transportation's Federal Highway Administration (FHWA) today announced the immediate availability of $60
3/28/2024 WASHINGTON - Within hours of receiving the request, the U.S. Department of Transportation's Federal Highway Administration (FHWA) today announced the immediate availability of $60 million in "quick release" Emergency Relief (ER) funds for the Maryland Department of Transportation to rebuild the Francis Scott Key Bridge after a cargo container ship struck the bridge on March 26. These funds serve as a down payment toward initial costs, and additional Emergency Relief program funding will be made available as work continues How does the Maryland Department of transportation record the $60 million on its governmental fund 's fund balance section? a. Unassigned fund balance b. Assigned fund balance c. Committed fund balance d. Restricted fund balance
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