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Highway Statistics 2005 OHPI > Highway Statistics > 2005 > Finance > Table SB-1

STATE OBLIGATIONS FOR HIGHWAYS - 2005

OBLIGATIONS ISSUED OR ASSUMED DURING YEAR 1/

DECEMBER 2006 (THOUSANDS OF DOLLARS) Table SB-1
STATE OBLIGATION DATED PAR VALUE 2/ PREMIUM OR DISCOUNT ACCRUED INTEREST 3/ GROSS PROCEEDS POSTED INTEREST RATE 4/ SOURCE OF FUNDS FOR DEBT SERVICE 5/
ORIGINAL ISSUES REFUNDING ISSUES TOTAL PAR VALUE
Arizona Highway Revenue Refunding Bonds - Series 2004B 8-15-04 188,260 0 188,260 12,863 601 201,724 5.0 Highway-User Revenue
Grant Anticipation Notes (GARVEE) - Series 2004B 7-1-04 104,385 0 104,385 11,551 556 116,492 2.5-6.0 Federal-aid Funds 6/
TOTAL   292,645 0 292,645 24,414 1,157 318,216    
California Revenue Bonds - Series 2004A 10-5-04 75,000 0 75,000 0 0 75,000 3.416 Tolls
Revenue Bonds - Series 2004B 10-5-04 150,000 0 150,000 0 0 150,000 3.416 Tolls
Revenue Bonds - Series 2004C 10-5-05 75,000 0 75,000 0 0 75,000 3.416 Tolls
TOTAL   300,000 0 225,000 0 0 225,000    
Connecticut Transportation Infrastructure Refunding Bonds - Series 2004B 11-15-04 0 89,725 89,725 7,921 204 97,850 3.0-5.25 Highway-User Revenue*
Transportation Infrastructure Bonds - Series 2004A 11-15-04 200,000 0 200,000 11,548 433 211,981 2.125-5.0 Highway-User Revenue*
TOTAL   200,000 89,725 289,725 19,469 637 309,831    
Delaware Delaware River and Bay Authority Revenue Refunding Bonds - Series 2005 1-1-05 1,530 178,685 180,215 9,870 0 190,085 3.0-5.0 Tolls
Transportation System Senior Revenue Bonds - Series 2004 10-6-04 100,125 67,425 167,550 10,256 402 178,208 3.0-5.0 Highway- User Revenue
TOTAL   101,655 246,110 347,765 20,126 402 368,293    
Florida Miami - Dade County Expressway Revenue Refunding Bonds - Series 2004A 7-1-04 0 68,200 68,200 0 0 68,200 5.352 Tolls
Miami - Dade County Expressway Revenue Bonds - Series 2004 A-E 7-1-04 416,400 0 416,400 847 0 417,247 4.313 Tolls
Florida Turnpike Revenue Refunding Bonds - Series 2005A 7-1-05 0 93,560 93,560 0 0 93,560 3.0-5.0 Tolls
Florida Turnpike Revenue Refunding Bonds - Series 2004A 7-1-05 0 279,180 279,180 5,921 1,742 286,843 3.25-5.25 Tolls
Right of Way Acquisition and Bridge Bonds - Series 2004A 6-15-04 296,585 3,415 300,000 11,347 1,813 313,160 4.683 Motor Fuel Tax*
Right of Way Acquisition and Bridge Refunding Bonds - Series 2005A 3-1-05 0 119,070 119,070 8,008 671 127,749 4.0978 Motor Fuel Tax*
FDOT SIB Revenue Bonds - Series 2005A 6-1-05 62,340 0 62,340 4,535 67 66,942 3.813 Motor Fuel Tax*
Orlando - Orange County Expressway Revenue Bonds - Series 2005A-E 7-1-05 483,655 15,450 499,105 0 0 499,105 4.7753 Tolls
TOTAL   1,258,980 578,875 1,837,855 30,658 4,293 1,872,806    
Georgia General Obligation Refunding Bonds - Series 2004C 7-1-04 0 40,248 40,248 5,329 332 45,909 4.0 Highway-User Revenue*
Hawaii General Obligation Bonds - Series DG 6-15-05 7,072 0 7,072 0 0 7,072 5.0 General Revenue*
General Obligation Bonds - Series DH 6-15-05 183 0 183 0 0 183 5.0 General Revenue*
Highway Revenue Binds - Series 2005 3-15-05 47,832 136,083 183,915 0 0 183,915 N/A General Revenue*
TOTAL   55,087 136,083 191,170 0 0 191,170    
Illinois Transportation Bonds-Highway Share - Series A 3-31-05 298,000 0 298,000 18,323 0 316,323 3.25-6.0 Highway-User Revenue
Illinois Tollway Senior Priority Revenue Bonds - Series 2005A 7-1-05 770,000 0 770,000 60,683 0 830,683 4.125-5.0 Tolls
TOTAL   1,068,000 0 1,068,000 79,006 0 1,147,006    
Kentucky Kentucky Tpk Authority Economic Development Revenue Bonds - Series 2005A & B 7-1-05 215,429 73,161 288,590 6,444 0 295,034 2.0-5.25 Highway -User Revenue
Kentucky Assets/Liability Commission Project Notes -First Series 2005 5-1-05 139,635 0 139,635 0 0 139,635 3.0-5.0 Federal-Aid Funds 6/
TOTAL   355,064 73,161 428,225 6,444 0 434,669    
Maine Maine Turnpike Authority Revenue Refunding Bonds - Series 2005 7-1-05 0 76,715 76,715 0 0 76,715 3.0-5.125 Tolls
Massachusetts Highway Improvement Loan Acts of 1983 thru 2003 3-29-05 341,644 0 341,644 15,554 0 357,198 4.96-5.5 Highway-User Revenue*
Michigan Comprehensive Transportation Refunding Bonds - Series 2005 4-1-05 0 62,180 62,180 7,815 0 69,995 4.0-5.25 Highway-User Revenue
State Trunkline Fund Refunding Bonds - Series 2005 4-1-05 0 223,020 223,020 26,975 0 249,995 3.5-5.5 Highway-User Revenue
TOTAL   0 285,200 285,200 34,790 0 319,990    
Mississippi Highway Enhancement through Local Partnership Bonds - Tunica County 1-6-05 45,000 0 45,000 0 0 45,000 N/A Federal Aid Funds and Highway-User Revenue 6/
Highway Enhancement through Local Partnership Bonds - Harrison County 10-19-05 102,000 0 102,000 0 0 102,000 N/A Federal Aid Funds and Highway-User Revenue 6/
Highway Enhancement through Local Partnership Bonds - Jones County 10-19-05 32,000 0 32,000 0 0 32,000 N/A Federal Aid Funds and Highway-User Revenue 6/
TOTAL   179,000 0 179,000 0 0 179,000    
Montana Highway Revenue (GARVEE ) Bonds - Series 2005 NA 122,795 0 122,795 7,741 214 130,750 4.02 Federal-Aid Funds 6/
Nevada Highway Improvement Revenue Bonds - Series 2004 8-1-04 173,345 0 173,345 16,658 51 190,054 3.8398 Highway-user Revenue*
New Jersey Transportation Trust Fund - Series 2004 A&B 10-27-04 471,655 849,800 1,321,455 162,783 0 1,484,238 2.5-5.75 Highway-User Revenue
Transportation Trust Fund - Series 2005 A&B&C 3-30-05 524,750 1,779,925 2,304,675 249,839 0 2,554,514 2.33-4.38 Highway-User Revenue
New Jersey Turnpike Authority Turnpike Revenue Bonds - Series 2005 A-D 1-1-05 113,880 632,415 746,295 0 0 746,295 4.81-5.25 Tolls
Delaware River Joint Toll Bridge Revenue Bonds - Series 2005A 3-10-05 40,480 32,165 72,645 6,545 0 79,190 4.0-5.5 Tolls
TOTAL   1,150,765 3,294,305 4,445,070 419,167 0 4,864,237    
New York Highway and Bridge Trust Fund Bonds - Series 2005A&B 9-8-05 259,090 2,721,650 2,980,740 246,040 0 3,226,780 2.7-5.5 Highway-User Revenue*
Rebuild NewYork Transportation Infrastructure Bonds 3-15-05 3,957 0 3,957 43 0 4,000 3.0-5.0 General Revenues *
State Personal Income Tax Revenue Bonds - Series 2005A 7-14-05 239,105 94,140 333,245 27,533 0 360,778 2.5-5.0 Personal Income Tax
Buffalo - Ft. Erie Bridge Revenue Refunding Bonds - Series 2005 7-1-05 0 44,120 44,120 0 0 44,120 various Tolls
New York Thruway General Revenue Bonds - Series 2005 F&G NA 919,290 444,205 1,363,495 70,506 0 1,434,001   Tolls
Accelerate Capacity Transportation Bonds 3-15-05 15,857 0 15,857 143 0 16,000 2.5-5.0 General Revenues *
TOTAL   1,437,299 3,304,115 4,741,414 344,265 0 5,085,679    
North Carolina State Highway Bonds - Series 2004 N/A 300,000 0 300,000 23,520 1,081 324,601 N/A Highway-User Revenue
Ohio Highway Capital Improvement Bonds - Series I 5-18-05 140,000 0 140,000 9,274 0 149,274 N/A Motor-Fuel Tax*
Oregon Highway-user Revenue Bonds - Series 2004 A&B 6-18-04 288,365 81,960 370,325 12,018 0 382,343 4.725 Highway-user Revenue
Highway-user Revenue Bonds - Series 2005 A&B 1-25-05 20,000 25,530 45,530 2,868 0 48,398 4.454 Highway-user Revenue
TOTAL   308,365 107,490 415,855 14,886 0 430,741    
Pennsylvania Pennsylvania Turnpike Revenue Bonds - Series 2004 A 6-1-04 269,245 0 269,245 (1,913) 0 267,332 5.0-5.5 Tolls
South Carolina State Highway Bonds - Series 2005 4-1-05 140,000 6,495 146,495 (17) 208 146,686 4.03 Motor Fuel Tax*
Texas Central Texas Regional Mobility Authority Capital Appreciation Bonds - Series 2005 7-1-05 171,763 0 171,763 1,884 0 173,647 4.2-5.0 Tolls
North Texas Tollway Authority Revenue Bonds - Series 2005A&B 3-1-05 301,070 0 301,070 0 0 301,070 3.0-5.0 Tolls
North Texas Tollway Authority Revenue Refunding Bonds - Series 2005C 12-1-05 0 341,670 341,670 (3,804) 0 337,866 various Tolls
Texas Mobility Fund Bonds - Series 2005A 6-8-05 900,000 0 900,000 40,279 752 941,031 3.9-5.0 Highway-User Revenue *
Texas Mobility Fund Bonds - Series 2005B 6-8-05 100,000 0 100,000 4,475 84 104,559 3.9-5.0 Highway-User Revenue *
TOTAL   1,472,833 341,670 1,814,503 42,834 836 1,858,173    
Utah General Obligation Highway Revenue Bonds - Series 2004B 6-30-05 47,050 0 47,050 3,091 0 50,141 3.75 Highway-User Revenue*
Vermont General Obligation Highway Bonds - Series 2005B 4-13-05 1,000 0 1,000 25 0 1,025 2.4-4.0 Highway-User Revenue*
General Obligation Highway Refunding Bonds - Series 2005C 6-07-05 0 566 566 1 0 567 2.65-5.0 Highway-User Revenue*
TOTAL   1,000 566 1,566 26 0 1,592    
Virginia Commonwealth Transportation Revenue Refunding Bonds - Series 2004A 11-1-05 7,810 81,590 89,400 5,804 103 95,307 4.0-5.0 General Fund
Commonwealth Transportation Revenue Refunding Bonds - Series 2004B 11-1-05 0 232,260 232,260 21,311 289 253,860 4.75-5.25 Sales Tax & General Fund
TOTAL   7,810 313,850 321,660 27,115 392 349,167    
Washington MV Fuel Tax General Obligation Bonds - Series R-2005B 7-27-04 72,700 0 72,700 2,510 0 75,210 5.0 Motor-Fuel Tax*
MV Fuel Tax General Obligation Bonds - Series R-2005B 7-27-04 29,000 0 29,000 1,001 0 30,001 5.0 Motor-Fuel Tax *
MV Fuel Tax General Obligation Bonds - Series R-2005B 7-27-04 70,000 0 70,000 2,417 0 72,417 5.0 Motor-Fuel Tax *
MV Fuel Tax General Obligation Bonds - Series R-2005B 7-27-04 2,000 0 2,000 69 0 2,069 5.0 Motor-Fuel Tax *
MV Fuel Tax General Obligation Bonds - Series R-2005C 7-27-04 65,002 0 65,002 (807) 0 64,195 N/A Motor-Fuel Tax and Tolls *
MV Fuel Tax General Obligation Bonds - Series R-2005D 3-15-05 10,990 0 10,990 620 0 11,610 5.0 Motor-Fuel Tax *
MV Fuel Tax General Obligation Bonds - Series R-2005E 3-15-05 85,000 0 85,000 4,544 0 89,544 3.0-5.0 Motor-Fuel Tax *
MV Fuel Tax General Obligation Bonds - Series R-2005F 3-15-05 45,001 0 45,001 (498) 0 44,503 N/A Motor-Fuel Tax and Tolls*
MV Fuel Tax General Obligation Bonds - Series R-2005B 5-03-05 0 1,110 1,110 4 0 1,114 3.0-4.25 Motor-Fuel Tax*
MV Fuel Tax General Obligation Bonds - Series R-205B 5-03-05 1,339 28,441 29,780 115 0 29,895 3.0-4.25 Motor-Fuel Tax *
MV Fuel Tax General Obligation Bonds - Series R-2005B Ferries 5-03-05 1,428 30,137 31,565 120 0 31,685 3.0-4.25 Motor- Fuel Tax and Tolls*
MV Fuel Tax General Obligation Bonds - Series R-2004D Ferries 5-03-05 1,936 20,039 21,975 11 0 21,986 3.0-4.25 Motor -Fuel Tax and Tolls*
MV Fuel Tax General Obligation Bonds - Series R-2005B 5-03-05 337 11,033 11,370 43 0 11,413 3.0-4.25 Motor-Fuel Tax*
TOTAL   384,733 90,760 475,493 10,149 0 485,642    
West Virginia Safe Road Bonds - Series 2005A 5-26-05 1,545 319,860 321,405 30,000 0 351,405 3.0-5.0 Highway-User Revenues*
Wisconsin Transportation Revenue Refunding Bonds - Series 2004 9-30-04 0 95,905 95,905 10,071 0 105,976 5.0-6.0 Motor Vehicle Revenues
Transportation Revenue Bonds - Series 2005A 3-10-05 54,630 180,955 235,585 23,228 0 258,813 3.0-5.25 Motor Vehicle Revenues
TOTAL   54,630 276,860 331,490 33,299 0 364,789    
GRAND TOTAL 10,163,490 9,582,088 19,745,578 1,215,885 9,603 20,971,066    

Footnotes

1/ This table is one of a series giving available information concerning State and quasi-State obligations incurred for highway purposes. Table SB-2 contains data on changes in indebtedness. Table SB-3 contains receipts and disbursements for debt service. Tables SB-2T and SB-3T are subsets of Tables SB-2 and SB-3, showing data for individual State toll facilities. Tables SB-2L and SB-3L are also subsets of Tables SB-2 and SB-3, showing data for State obligations for local roads. When bonds were issued for multiple purposes, their par value is assigned to State highways, local roads and streets, and nonhighway purposes on the basis of the initial distribution of net bond proceeds. The nonhighway portion is excluded from these tables. Also omitted are obligations with terms of less than 2 years; however, interest payments for short-term obligations are included in Table SB-3. This table is compiled from reports of State authorities.

2/ A portion of proceeds from refunding bonds may be expended for current debt service. That portion is included with original issues.

3/ Payment by bond purchaser for interest accrued from date of issue to date of sale.

4/ "Posted rate" is declared rate printed on bonds. N/A indicates data not available.

5/ When an asterisk appears in this column, the bonds are understood to be secured by the full faith and credit of the State, in addition to the specific revenues dedicated by law to debt service.

6/ Certain Federal Funds are used to payoff bonds.


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