Today U.S. Senator Dean Heller (R-NV) issued the following statement following his vote in support of a package that will extend highway funding and freeze student loan interest rates. This legislation also includes an extension of Payment in Lieu of Taxes (PILT).
"Commerce is the lifeblood of our nation's economy. This highway bill will allow for long-term planning of Nevada's infrastructure, providing the certainty needed to invest in our state's critical transportation projects. I am also grateful that the House and the Senate were able to compromise in order to freeze student loan interest rates. During these tough economic times, Americans find it increasingly difficult to pay for college, and graduates find themselves burdened with high levels of debt. Congress needs to focus on getting the economy back on track so recent college grads can find jobs and begin the next phase of their lives. This bill is an example of what can be accomplished when both parties work together to produce results for the American people," said Senator Dean Heller.
The agreement provides multi-year funding for highway and other infrastructure projects and designates the development of Interstate 11 from Las Vegas to Phoenix. It will freeze lower student loan interest rates for an additional year and reauthorize the Flood Insurance Program, which will help provide stability for the housing market. PILT and Secure Rural School (SRS) funding will also be extended.
"With 87% of Nevada controlled by federal government, the PILT program is critical to every county in the Silver State. PILT reauthorization will help fund essential services in Nevada such as teachers, firefighters, law enforcement, and more. The inclusion of the PILT program in this bill is welcome news for Nevada," added Heller.