Highway Infrastructure: Federal-State Partnership Produces Benefits and Poses Oversight Risks |
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| Author:
| U.S. Government Accountability Office, |
| ISBN: | 978-1-4912-9052-1 |
| Publication Date: | Aug 2013 |
| Publisher: | CreateSpace Independent Publishing Platform
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| Book Format: | Paperback |
| List Price: | USD $15.99 |
Book Description:
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Federal assistance for highway and bridge infrastructure-about $40 billion each year-is distributed through multiple formula and discretionary grant programs collectively known as the federal-aid highway program. The federal-aid highway program is financed through the Highway Trust Fund, a dedicated source of federal revenue based on the "user-pay principle"-that is, users of transportation systems pay for the systems' construction through the federal tax on motor fuels, tires, and trucks.
Federal assistance for highway and bridge infrastructure-about $40 billion each year-is distributed through multiple formula and discretionary grant programs collectively known as the federal-aid highway program. The federal-aid highway program is financed through the Highway Trust Fund, a dedicated source of federal revenue based on the "user-pay principle"-that is, users of transportation systems pay for the systems' construction through the federal tax on motor fuels, tires, and trucks.