Budget Digest: Highway Trust Fund 101
September 24, 2019
September 24, 2019
WASHINGTON, Sept. 24 -- Rep. Steve Womack, R-Arkansas, ranking Republican member of the House Budget Committee, issued the following budget digest:
In 1956, President Dwight D. Eisenhower signed the Highway Revenue Act to build the Interstate Highway System and establish the Highway Trust Fund (HTF) as its financing arm. The HTF is composed of two trust tunds: the original Highway Account and the Mass Transit Account, which was added to the HTF in 1983. The Highway Account funds int . . .
In 1956, President Dwight D. Eisenhower signed the Highway Revenue Act to build the Interstate Highway System and establish the Highway Trust Fund (HTF) as its financing arm. The HTF is composed of two trust tunds: the original Highway Account and the Mass Transit Account, which was added to the HTF in 1983. The Highway Account funds int . . .