What Is It? The Inland Waterways Trust Fund (IWTF) is a special fund in the U.S. Treasury that receives revenues from a $0.20 per gallon 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, IWTF monies are subject to appropriation and are 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.
Date of Report: December 8, 2014
Order Number: IF10020
CLICK:HERE to use the SECURE SHOPPING CART
For email and phone orders, provide a Visa, MasterCard, American Express, or Discover card number, expiration date, and name on the card. Indicate whether you want e-mail or postal delivery.