Public Chapter No. 1 of the 1953 General Assembly, effective July 1, 1953, grants to municipalities the proceeds of one cent of the state gasoline tax. The enabling act, however, restricts expenditures to street aid purposes and puts forth various requirements that municipalities must meet related to financial and accounting procedures.
Chaffin, William T., "Accounting Procedures for State Street Aid Funds" (1953). MTAS History.