- Additional Authors
- United States. Congress. Senate. Committee on Environment and Public Works.
- Description
- ii, 23 p. : digital, PDF file.
- Summary
- "The Highway Account within the Highway Trust Fund is the primary mechanism for funding federal highway programs. The account--administered by the Federal Highway Administration (FHWA) within the Department of Transportation (DOT)--channels about $33 billion in highway user excise taxes annually to states for highway projects. Although DOT and others projected that the account could run out of funds in fiscal year 2009, the balance fell more rapidly than expected and a shortfall became imminent in August 2008. In September, Congress passed legislation to provide $8 billion to replenish the account, but DOT officials anticipate the account could reach a critical stage again in fiscal year 2009. This report (1) describes the events that led to the decline in the account balance, including how DOT responded, and (2) identifies potential improvements in mechanisms to manage account solvency. This report also includes information on strategies GAO has reported on in the past that could be used to better align account outlays and revenues."
- Alternative Title
- Improved solvency mechanisms and communication needed to help avoid shortfalls in the Highway Account
- Highway account solvency
- Subject
- Note
- Title from PDF cover page (viewed on Mar. 30, 2009).
- "February 2009."
- "GAO-09-316."
- Bibliography (note)
- Includes bibliographical references.
- File Type (note)
- System Details (note)
- System requirements: Adobe Acrobat Reader.
- Mode of access: World Wide Web from GAO web site. Address as of 3/30/09: http://www.gao.gov/new.items/d09316.pdf ; current access available via PURL.
- Call Number
- GPO Internet GA 1.13:GAO-09-316
- OCLC
- 317394535
- Author
United States. Government Accountability Office.
- Title
Highway Trust Fund [electronic resource] : improved solvency mechanisms and communication needed to help avoid shortfalls in the Highway Account : report to the Committee on Environment and Public Works, U.S. Senate.
- Imprint
[Washington, D.C.] : U.S. Govt. Accountability Office, [2009]
- System Details
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web from GAO web site. Address as of 3/30/09: http://www.gao.gov/new.items/d09316.pdf ; current access available via PURL.
- File Type
Text (technical report).
- Bibliography
Includes bibliographical references.
- Connect to:
- Added Author
United States. Congress. Senate. Committee on Environment and Public Works.
- Running Title
Highway account solvency
- Gpo Item No.
0546-D (online)
- Sudoc No.
GA 1.13:GAO-09-316
- Research Call Number
GPO Internet GA 1.13:GAO-09-316