Financing Federal-Aid Highways
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Financing Federal-Aid Highways

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  • Abstract:
    Because of a continuing demand for information concerning the financing of Federal-aid highways, the Federal Highway Administration (FHWA) prepared a report, "Financing Federal-Aid Highways," in January 1974 to describe the basic process involved. The report was modified and updated in July 1976, May 1979, October 1983, and November 1987. These updates were prepared following enactment of new highway or surface transportation acts to reflect changes made through those acts. Enactment of Public Law (P.L. 102-240), the Intermodal Surface Transportation Efficiency Act of 1991 (ISTEA of 1991), has made it necessary to update the November 1987 version to incorporate the significant changes in the program structure and financing procedures brought about by that act. As with previous versions, this report follows the financial process from inception in an authorization act to payment from the Highway Trust Fund and includes discussion of the congressional and Federal agency actions that occur throughout. A glossary of terms used in this report can be found in Appendix A.
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