Inland Waterways Trust Fund (CRS Report for Congress)
| Release Date |
Revised Feb. 26, 2018 |
| Report Number |
IF10020 |
| Report Type |
In Focus |
| Authors |
Charles V. Stern |
| Source Agency |
Congressional Research Service |
| Older Revisions |
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Summary:
What Is It? The Inland Waterways Trust Fund (IWTF) is a fund in the U.S. Treasury that receives revenues from a tax (also known as the inland waterway user fee) on commercial-barge fuel on federally designated waterways (see Figure 1). Pursuant to the Water Resources Development Act of 1986 (WRDA 1986; P.L. 99-662), IWTF monies are subject to appropriation and used to finance expenditures for construction and major rehabilitation projects on these waterways. The funds are matched by federal appropriations from the General Fund of the Treasury. Overall, expenditures from the IWTF typically make up 5%-15% of total spending by the Army Corps of Engineers (Corps) on federal inland waterways. Regular operations and maintenance costs on inland waterways, including maintenance dredging and minor lock repairs, are funded separately as a 100% federal responsibility.
