(1) Each year, the commission, based on recommendations developed by the department, shall apportion an amount of federal-aid highway funds for the primary highway system.
(2) The department shall develop the allocation recommendations through an asset management-based approach, including an analysis of future performance and condition of the primary highway system as a function of anticipated funding levels and improvement strategies.
(3) A financial district may not receive more than one-third of the total funds apportioned for the primary highway system. If a financial district would receive more than one-third of the total funds apportioned under the analysis in subsection (2), its allocation is limited to the one-third maximum and any excess funds that it would have received must be reallocated among the other districts according to the analysis.
(4) To the extent necessary to permit the orderly programming and construction of projects, the commission may transfer and obligate allocated primary highway system funds for any project located on the interstate highway or other national highway system routes within a financial district.