00457787

Component

http://onlinepubs.trb.org...trr/1985/1009/1009-005.pdf

https://scholar.google.co...rubb&publication_year=1985

The major era of highway development in Texas, and in the United States in general, began with the creation of the Federal Highway Trust Fund and the 1956 initiation of the Interstate highway program. By the 1970s, dedicated revenues flowing into state and national highway trust funds were lower than expected, which resulted in the recognition of an impending financial shortfall. Reviewed in this paper is Texas' experience with a new funding approach, the Highway Cost Index (HCI). Discussions are presented on the major activities and events that preceded the adoption of House Bill 3, which established the HCI in 1977; the structure of the HCI; and on two of the major problems encountered during its operation that caused it to fail.

Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved. Publication of this paper sponsored by Committee on Taxation. Finance, and Pricing.

01419897

pp 24-26

1985

Transportation Research Record

0309038200

Print

Tables (1)

Accuracy; Cost indexes; Costs; Financing; Highways; State highways

Finance; Highways; I10: Economics and Administration

TRIS, TRB

Aug 31 1986 12:00AM

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