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:1 1959
EXECUTIVE OFFICE OF THE PRESIDENT
BUREAU OF THE BUDGET
WASHINGTON 25.D.C.
SEP SEP 21 1959
SEP17 1959
MEMORANDUM FOR THE PRESIDENT
statement
Subject
Enrolled Bill H. R. 8678 - Federal-aid Highway Act of 1959
Sponsor - Rep. Fallon (D) Maryland
issued
Last Day for Action
September 22, 1959 - Tuesday
Purpose
To enable continued construction of the Interstate Highway
System on a pay-as-you-build basis, to further restrict Federal
control of billboards, to provide for a study of Alaska and Hawaii
highway needs, and to authorize funds for miscellaneous highway
projects.
Agency Recommendations
Bureau of the Budget - Approval
Department of Commerce - Approval
Department of Agriculture - Approval
Council of Economic Advisers - Approval
Department of the Treasury - No objection
Special Assistant for Public Works
Planning - No objection (informally)
Department of the Interior - No recommendation
Discussion
A. Main provisions
The bill provides revenues to the Highway Trust Fund that
will enable the Secretary of Commerce to apportion part of 1961 and
1962 interstate highway authorizations among the States by increasing
the tax on gasoline by one cent until June 30, 1961, and diverting
amounts equal to a 5 percent excise tax on automobiles, parts and
accessories, etc., to the Fund for the three years following that
date. It also reduces the 1961 authorization of the Interstate Sys-
tem from $2.5 billion to $2 billion. It approves the 1958 estimate
of the cost of completing the Interstate System as a basis for
apportioning the 1962 authorization.
The
EX
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"ocrText": "acphoves\n:1 1959\nEXECUTIVE OFFICE OF THE PRESIDENT\nBUREAU OF THE BUDGET\nWASHINGTON 25.D.C.\nSEP SEP 21 1959\nSEP17 1959\nMEMORANDUM FOR THE PRESIDENT\nstatement\nSubject\nEnrolled Bill H. R. 8678 - Federal-aid Highway Act of 1959\nSponsor - Rep. Fallon (D) Maryland\nissued\nLast Day for Action\nSeptember 22, 1959 - Tuesday\nPurpose\nTo enable continued construction of the Interstate Highway\nSystem on a pay-as-you-build basis, to further restrict Federal\ncontrol of billboards, to provide for a study of Alaska and Hawaii\nhighway needs, and to authorize funds for miscellaneous highway\nprojects.\nAgency Recommendations\nBureau of the Budget - Approval\nDepartment of Commerce - Approval\nDepartment of Agriculture - Approval\nCouncil of Economic Advisers - Approval\nDepartment of the Treasury - No objection\nSpecial Assistant for Public Works\nPlanning - No objection (informally)\nDepartment of the Interior - No recommendation\nDiscussion\nA. Main provisions\nThe bill provides revenues to the Highway Trust Fund that\nwill enable the Secretary of Commerce to apportion part of 1961 and\n1962 interstate highway authorizations among the States by increasing\nthe tax on gasoline by one cent until June 30, 1961, and diverting\namounts equal to a 5 percent excise tax on automobiles, parts and\naccessories, etc., to the Fund for the three years following that\ndate. It also reduces the 1961 authorization of the Interstate Sys-\ntem from $2.5 billion to $2 billion. It approves the 1958 estimate\nof the cost of completing the Interstate System as a basis for\napportioning the 1962 authorization.\nThe\nEX"
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