Port Canaveral visit could lead to expansion
New legislation could send more money to port
PORT CANAVERAL, Fla. – U.S. House Transportation and Infrastructure Committee Chairman John L. Mica will visit Port Canaveral on Monday to review port facilities and expansion plans, and to highlight major transportation legislation he has written that will be considered in the House of Representatives this week.
Mica is proposing to reform the current practice of the federal government denying our ports the full revenues being contributed to the Harbor Maintenance Trust Fund.
The American Energy & Infrastructure Jobs Act, provides long-term funding and critical program reforms for the improvement of the nation's roads and bridges. Additionally, the measure proposes that all Harbor Maintenance Trust Fund revenues be invested for their intended purpose and not used as a bureaucratic accounting gimmick to justify other federal spending.
The Trust Fund is based on a user fee collected from shippers that utilize the nation's coastal ports. Unfortunately, the government only invests a portion of these user fees back into harbor maintenance.
By the end of fiscal year 2012, the Trust Fund could show a balance of nearly $7 billion.
Mica will join Port Canaveral port officials for a tour, followed by a press conference and a briefing on the port's expansion.
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