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Highway Trust Fund: Key Insights into Its Legal Framework
Definition & Meaning
The Highway Trust Fund (HTF) is a federal fund established to collect and allocate highway user taxes for transportation-related projects. Created by the Highway Revenue Act of 1956, the HTF primarily finances federal surface transportation programs, which are managed by the Federal Highway Administration (FHWA) and the Federal Transit Administration. The fund consists of two main accounts:
The Highway Account: Dedicated to highway projects.
The Mass Transit Account: Focused on public transit initiatives.
Table of content
Legal Use & context
The Highway Trust Fund is crucial in the legal and administrative framework for funding transportation infrastructure in the United States. It is often referenced in legislation related to transportation funding, federal grants, and state compliance with federal transportation standards. Legal professionals may encounter the HTF in contexts involving:
Transportation law
Public finance
Infrastructure development
Users can manage related forms and procedures using templates available through US Legal Forms.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
Here are a couple of examples of how the Highway Trust Fund is utilized:
Example 1: A state receives federal funds from the HTF to repair and maintain highways, ensuring safe travel for residents.
Example 2: A city uses HTF allocations to develop a new public transit system, improving accessibility for its citizens. (hypothetical example)
Relevant laws & statutes
The primary statute governing the Highway Trust Fund is:
26 USCS § 9503: This statute outlines the creation, funding, and regulations associated with the HTF.
Comparison with related terms
Term
Definition
Key Differences
Highway Trust Fund
A federal fund for highway and transit projects.
Specifically funded by highway user taxes.
Federal-Aid Highway Program
A program that uses HTF funds for highway construction and maintenance.
Part of the HTF, but focused on federal-aid projects.
Common misunderstandings
What to do if this term applies to you
If you are involved in a project that may require funding from the Highway Trust Fund, consider the following steps:
Research eligibility for HTF funding based on your project's scope.
Consult with local transportation authorities to understand application processes.
Explore legal form templates on US Legal Forms to assist with necessary documentation.
If your situation is complex, consider seeking professional legal advice.
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