GARVEE Guidance: Implementing 23 U.S.C 122; Payments to States for Bond and Other Debt Instrument Financing
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2018-09-01
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Series: Memoranda & Guidance: Guidance
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Abstract:The Federal Highway Administration (FHWA) Center for Innovative Finance Support (CIFS), part of the Office of Innovative Program Delivery (OIPD), provides guidance and technical assistance to the States and FHWA Division Offices for the administration of the Grant Anticipation Revenue Vehicle (GARVEE) Program. This guidance document, updated in 2018, provides a summary of stewardship practices for managing the GARVEE Program and summarizes legislative requirements. The document also includes recommendations based on previous GARVEE Guidance and best practices identified by field practitioners in FHWA-sponsored roundtable discussions held in 2017.
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