Acronyms (colloquial) FAHA Public law 66 Stat. B46 | Effective June 25, 1952 Statutes at Large 66 Stat. B46 | |
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The Federal-Aid Highway Act of 1952 authorized $25 million for the Interstate Highway System on a 50–50 matching basis, meaning the federal government paid 50% of the cost of building and maintaining the interstate while each individual state paid the balance for interstate roads within their borders.
Analysis
These were the first funds authorized specifically for Interstate construction. However, it was a token amount, reflecting the continuing disagreements within the highway community rather than the national importance of the system.
References
Federal-Aid Highway Act of 1952 Wikipedia(Text) CC BY-SA