Definitions for "Highway Trust Fund"
A special fund established by the North Carolina General Assembly for use in the planning, design and construction of highways designated as part of the Intrastate System and for seven urban loop roads.
An account established by law to hold Federal highway user taxes that are dedicated for highway and transit related purposes. The HTF has two accounts: the Highway Account, and the Mass Transit Account.
The federal trust fund established by the Highway Revenue Act of 1956; this fund has two accounts -- the Highway Account and the Mass Transit Account. Trust fund revenues are derived from federal highway- user taxes and fees such as motor fuel taxes; trust fund uses and expenditures are determined by law.