Tools & Programs:
Federal Debt Financing Tools
Grant Anticipation Revenue Vehicles (GARVEEs)
The following is a brief summary of GARVEE transactions in 2014.
- Idaho made its eighth sale ($75.2 million) since May 2006 in support of its GARVEE Transportation Program to fund six critical transportation corridors throughout the state: US-95 Garwood to Sagle, US-95 Worley to Setters, SH-16, I-84 to South Emmett, I-84 Caldwell to Meridian, I-84 Orchard to Isaacs Canyon, and US-30 McCammon to Lava Hot Springs. The program is currently planned to utilize $857 million in proceeds. Funding authorizations are requested annually. The total GARVEE bonds sold to date amount to $807 million.