Increases the federal share of federal-aid highway construction projects for FY2011 and FY2012 for any state with an unemployment rate equal to or exceeding 11% at any time during FY2009 and FY2010.
Increases the federal share of costs for FY2011-FY2012: (1) from 90% to 95% for Interstate System projects; and (2) from 80% to 85% for other transportation projects.
Suspends certain eligibility requirements with respect to the use of tolls as a credit toward the non-federal share of project costs in such states for those fiscal years. Makes eligible for use as such a credit for such fiscal years any tolls that were not previously eligible.
Suspends, as well, certain state transportation capital expenditure maintenance of effort requirements during FY2011-FY2012.