Highway Financing
Author: United States. General Accounting Office
Publisher:
Published: 1990
Total Pages: 44
ISBN-13:
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Author: United States. General Accounting Office
Publisher:
Published: 1990
Total Pages: 44
ISBN-13:
DOWNLOAD EBOOKAuthor: United States. General Accounting Office
Publisher:
Published: 1986
Total Pages: 52
ISBN-13:
DOWNLOAD EBOOKAuthor: Harmer E. Davis
Publisher:
Published: 1951
Total Pages: 42
ISBN-13:
DOWNLOAD EBOOKAuthor:
Publisher:
Published: 1951
Total Pages: 76
ISBN-13:
DOWNLOAD EBOOKAuthor: U S Government Accountability Office (G
Publisher: BiblioGov
Published: 2013-06
Total Pages: 56
ISBN-13: 9781289033583
DOWNLOAD EBOOKPursuant to a congressional request, GAO reviewed how states raise additional local revenues to finance specific highway projects. GAO found that: (1) legislation has been introduced to modify the current federal no-toll policy and give states greater flexibility in financing highway projects; (2) each state's constitution determines how tolls can be used as a highway funding mechanism; (3) because of growing financial constraints and increasing repair and rehabilitation costs, states do not like to eliminate existing toll roads because the roads provide constant revenues; (4) under the legislative proposals, states would be allowed to use trust fund revenues along with toll revenues to construct new toll roads and reconstruct existing toll roads; and (5) federal participation on any federal-aid highway system would not exceed 50 percent of the project costs. GAO also found that: (1) under existing law, once the indebtedness for a federal-aid toll highway has been paid, the road must be made toll-free and turned over to state control; (2) if a state wishes to continue operating a toll road after outstanding obligations are paid, the excess toll revenues must be used for other public highway construction projects, but states are not required to repay federal funds; (3) the proposed legislation would permit states to place tolls on any existing or new federal-aid highway, without limitation; and (4) changing the federal law that prohibits tolls on federally supported routes could make toll financing a more viable alternative for building new highways.
Author: Suzanne Schneider
Publisher:
Published: 1985
Total Pages: 88
ISBN-13:
DOWNLOAD EBOOKAuthor: W. A. Rusch
Publisher:
Published: 1984
Total Pages: 44
ISBN-13:
DOWNLOAD EBOOKThis synthesis will be of interest to highway financial officers, administrators, and others concerned with financing highway construction, maintenance, and operation. Information is presented on the history, recent trends and developments, and general considerations for financing a highway project through use of tolls.
Author: National Research Council (U.S.). Transportation Research Board
Publisher: Transportation Research Board National Research
Published: 1987
Total Pages: 618
ISBN-13:
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Publisher: Congressional Budget Office
Published: 1998
Total Pages: 90
ISBN-13:
DOWNLOAD EBOOKThe federal government provides about $20 billion a year in grants to states for highways; most of the money is raised through taxes on motor fuels. States, in financing their road-building programs, also rely heavily on motor fuel taxes and on fees paid by highway users. But these revenues are insufficient. This study reviews several approaches to augment traditional sources of funding for highways. The analysis covers changes in rules governing federal aid, state infrastructure banks, federal credit assistance, and private-sector financing of roads. Charts and tables.
Author: U S Government Accountability Office (G
Publisher: BiblioGov
Published: 2013-06
Total Pages: 42
ISBN-13: 9781289017132
DOWNLOAD EBOOKPursuant to a congressional request, GAO reviewed the progress of the nine states participating in the Federal Highway Administration's Toll Facilities Pilot Program, focusing on: (1) project status, estimated construction costs, and start and completion dates; (2) obstacles the states encountered in starting their projects; (3) toll revenue effects on project financing; and (4) states' planned use of innovative toll collection techniques. GAO also provided information on two privately financed toll projects and a California program to test toll projects funded by public-private ventures. GAO found that: (1) Delaware, Georgia, and Pennsylvania started construction projects, California, Florida, South Carolina, Texas, and West Virginia were involved in planning and other preconstruction activities, and Colorado decided not to participate unless it received federal funds specifically for the pilot project in addition to its regular apportionment; (2) although most states encountered limited opposition to tolls, they had to overcome opposition related to neighborhood disruption and some legal and environmental obstacles; (3) toll financing provided states with an additional revenue source for road construction and maintenance; (4) a low federal funding share could encourage states to limit toll use to high-traffic roads; (5) such toll collection innovations as automated vehicle identification equipment could help relieve congestion at toll plazas; (6) Virginia, Illinois, and Missouri were considering privately financed toll road projects; and (7) California recently passed legislation to test public-private funding ventures for road construction.