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Long title: An act to amend and supplement the Federal Aid Road Act approved July 11, 1956, to authorize appropriations for continuing the construction of highways; to amend the Internal Revenue Code of 1954 to provide additional revenue from taxes on motor fuel, tires, and trucks and buses; and for other purposes.
Federal-Aid Highway Act of 1954: May 6, 1954, 68 Stat. 70; Federal-Aid Highway Act of 1956 (National Interstate and Defense Highways Act): June 29, 1956, 70 Stat. 374; Federal-Aid Highway Act of 1958: August 7, 1958; Federal-Aid Highway Act of 1959: September 21, 1959, 73 Stat. 611; Federal Highway Act of 1960: July 14, 1960, 74 Stat. 522
The U.S. federal-aid highway program was commenced in 1916, with milestones of Federal-Aid Highway Act of 1944 and Federal Aid Highway Act of 1956. [1] The federal-aid highway system consists of three parts: The Interstate Highway System (FAI routes) The Federal-aid primary highway system (FAP system) is a system of connected main highways ...
The 1956 Act directed federal fuel tax to the Treasury’s General Fund to be used exclusively for highway construction and maintenance. The Highway Revenue Act, pre-dating the Fund, mandated a tax of three cents per gallon. This original Act, also known as Highway Revenue Act, was set to expire at the end of fiscal year 1972.
Upon entering the Korean War military readiness became a concern and the Federal-Aid Highway Act of 1952 increased funding for the highways to this end. President Eisenhower was a strong advocate for a national highway system, and his administration successfully pushed for further expansion in the Federal-Aid Highway Acts of 1954 and 1956. [11]
The Federal-Aid Highway Act of 1952 authorized $550 million for the Interstate Highway System on a 50–50 matching basis, meaning the federal government paid 50% of the cost of building and maintaining the interstate while each individual state paid the balance for interstate roads within their borders.
The Interstate Highway System was authorized by the Federal Aid Highway Act of 1956, [78] and the state had already designed several freeways for its portion of that system. Seizing the opportunity brought by a 1957 state law, the department sold $700 million in bonds (equivalent to $5.81 billion in 2023 [ 54 ] ) in the late 1950s and early ...
The Federal Aid Highway Act of 1956 established what is known today as the Interstate Highway System and signaled the beginning of the largest public works project in U.S. history. The act also established the Federal Highway Trust Fund, marking the first time that tax income from motor vehicles and highway expenditures were linked at the ...