Political Quotes

“In title I, strike the text of section 1105 (page 31) and insert the following: (a) Oversight Program.--Section 106 of title 23, United States Code, is amended by striking subsection (h) and inserting the following: ``(h) Oversight Program.-- ``(1) In general.--The Secretary shall establish an oversight program to monitor the effective and efficient use of funds authorized to carry out this title. At a minimum, the program shall be responsive to all areas related to financial integrity and project delivery. ``(2) Financial integrity.-- ``(A) Financial management systems.--The Secretary shall perform annual reviews that address elements of the State transportation departments' financial management systems that affect projects approved under subsection (a). ``(B) Project costs.--The Secretary shall develop minimum standards for estimating project costs and shall periodically evaluate the States' practices for estimating project costs, awarding contracts, and reducing project costs. ``(C) Responsibility of the states.--The States are responsible for determining that subrecipients of Federal funds under this title have sufficient accounting controls to properly manage such Federal funds. The Secretary shall periodically review the States' monitoring of subrecipients.”