Project Finance: Grant Anticipation Revenue Vehicles

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Project Finance: Grant Anticipation Revenue Vehicles

File Language:

English

Details

Corporate Creators:

United States. Department of Transportation. Federal Highway Administration. Office of Innovative Program Delivery
Contributors:

Mancauskas, Peter J.
Subject/TRT Terms:

Federal Aid Highways Finance Financing Government Funding
Resource Type:

Brief
Geographical Coverage:

United States
Corporate Publisher:

United States. Department of Transportation. Federal Highway Administration. Office of Innovative Program Delivery
Abstract:

Grant Anticipation Revenue Vehicles (GARVEEs) enable States to pay debt service and other bond-related expenses with future Federal-aid highway funds. The law authorizing GARVEEs, however, makes it clear that a debtfinancing instrument’s eligibility for reimbursement with future Federal-aid highway funding does not constitute a commitment, guarantee, or other obligation by the United States, nor does it create any right of a third party (such as an investor) against the Federal Government for payment.
Format:

PDF
Collection(s):

Federal Highway Administration
Main Document Checksum:

urn:sha-512:621a868bc1c4f72a298f7a1f0fef5c3f2a2eb223ab746ba26ab42834c5d0a65014eb778dcf0eb219746f6281076e0ea5df8995e3180cd1b8497d633e87192d88
Download URL:

https://rosap.ntl.bts.gov/view/dot/49652/dot_49652_DS1.pdf
File Type:

[PDF - 241.16 KB ]

File Language:

English

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Details

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