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A Look at the History of the Federal Highway Administration
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September 28
1950 Commissioner Thomas MacDonald advises Division Engineers that the Federal-Aid Highway Act of 1950 has restored authority for access-road construction based on identified needs to serve military installations.
1959 As an aid to solving short-range financing problems of the Federal-aid program, the Mutual Security Appropriations Act, signed this date, provides for an advance of $359 million from the General Treasury to the Highway Trust Fund (full amount repaid by the end of FY 1960).
1993 In Washington, DC, FHWA, in conjunction with FTA and the Office of the Secretary, sponsors a 1-day symposium on "Bond Financing and Transportation Infrastructure: Exploring Concepts and Roles." The symposium focuses on the fundamentals of the tax-exempt bond market, intergovernmental perspectives, and bond financing mechanisms, such as credit enhancement and revolving funds. More than 80 people, representing every USDOT mode, Congress, the Office of Management and Budget, States, and other Federal agencies, as well as subject-matter experts, share their perspectives on the subject.
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