TITLE: Ensuring the Integrity of the Highway Trust Fund

CIS-NO: 2003-H751-11  
SOURCE: Committee on Transportation and Infrastructure. House  
DOC-TYPE: Hearing Retrieve the full text of testimony  
DATE: Mar. 20, 2002  
LENGTH: v+82 p.  
CONG-SESS: 107-2  
ITEM-NO: 1024-A-01; 1024-B-01  
SUDOC: Y4.T68/2:107-70  
 
GPO-STOCK-NO: 552-070-29268-3.

SUMMARY:
Committee Serial No. 107-70. Hearing before the Subcom on Highways and Transportation to examine the financial condition and operation of the Highway Trust Fund, focusing on accuracy and methodology of financial forecasts estimating sufficiency of future excise tax receipts to fund Highway Trust Fund highway and transit programs.
 
Supplementary material (p. 20-82) includes witnesses' written statements and written replies to Subcom questions and submitted statements.

CONTENT-NOTATION: Hwy Trust Fund status and funding forecasts

DESCRIPTORS:  
   SUBCOM ON HIGHWAYS AND TRANSPORTATION. HOUSE;  PROJECTIONS; HIGHWAYS; HIGHWAY TRUST FUND; EXCISE TAX

03-H751-11 TESTIMONY NO: 1     Mar. 20, 2002 p. 4-35, 39-82
 
WITNESSES (and witness notations):
   HECKER, JAYETTA Z. (Director, Physical Infrastructure Issues, GAO)
   MCLEAN, DONNA (Assistant Secretary, Budget and Programs and Chief Financial Officer, DOT)
   LYON, ANDREW (Deputy Assistant Secretary, Tax Analysis, Department of Treasury)
   CAWLEY, KIM P. (Chief, Natural and Physical Resources Cost Estimates Unit, CBO)
 
STATEMENTS AND DISCUSSION:
   Background on and explanation of Highway Trust Fund financing mechanisms and operations; examination of factors affecting Highway Trust Fund revenues; review of estimated FY2003 Highway Trust Fund receipts, with details on forecasting methods; concerns related to recent decreases in highway-related excise tax receipts.
 
CONTENT NOTATION:
   Hwy Trust Fund status and funding forecasts
 
TESTIMONY DESCRIPTORS:
   CONGRESSIONAL BUDGET OFFICE; GENERAL ACCOUNTING OFFICE; DEPARTMENT OF TRANSPORTATION; DEPARTMENT OF TREASURY

LOAD-DATE: June 5, 2003