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Highway Statistics 2009

State Obligations for Highways - 2009, Obligations Issued or Assumed During Year 1/

February 2011
Table SB-1

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(THOUSANDS OF DOLLARS)

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
Alaska General Obligation Bonds 4/14/2009 165,000,000 - 165,000,000 8,611,381 - 173,611,381 4.5% - 6.0% General Funds
Arizona Highway Revenue Bonds 2008B 9/15/2009 181,050,000 - 181,050,000 7,550,366 - 188,600,366 4.125%-5.00% Motor Vehicle Taxes and Fees
Grant Anticipation Notes 2009A 5/6/2009 55,420,000 - 55,420,000 7,086,891 - 62,506,891 2.50%-5.00% Federal Aid
M/RARF Revenue Bonds 2009 6/15/2009 440,000,000 - 440,000,000 43,485,525 - 483,485,525 2.00%-5.00% Excise Taxes
TOTAL   676,470,000 - 676,470,000 58,122,782 - 734,592,782    
California Clean Renewable Energy Bonds Fund 0942 6/10/2009 20,000,000 - 20,000,000 - - 20,000,000 Variable See Note
Seismic Retrofit Bond Fd General Obligation Bonds Fund 0653 03/25/09 23,160,000 - 23,160,000 - - 23,160,000    
Seismic Retrofit Bond Fd General Obligation Bonds Fund 0653 04/22/09 5,795,000 - 5,795,000 - - 5,795,000    
Seismic Retrofit Bond Fd General Obligation Bonds Fund 0653 04/22/09 24,005,000 - 24,005,000 - - 24,005,000    
Hwy Sfty, Trfc Red 2006 G.O. Bond Series 2009A (301 MTC) 6053- agy 2660 02/27/09 193,800,000 - 193,800,000 - - 193,800,000 3%  
Hwy Sfty, Trfc Red 2006 G.O. Bond Series 2009B (307 LACMTA) 6053- agy 2660 04/01/09 112,751,000 - 112,751,000 - - 112,751,000 4%  
Hwy Sfty, Trfc Red 2006 G.O. Bond Series E (303 Mar09) 6053- agy 2660 04/02/09 1,014,903,636 - 1,014,903,636 - - 1,014,903,636 various  
Hwy Sfty, Trfc Red 2006 G.O. Bond (351 FY 09/10) 6053- agy 2660 04/10/09 184,894,000 - 184,894,000 - - 184,894,000    
Hwy Sfty, Trfc Red 2006 G.O. Bond Series F (316 Apr09) 04/28/09 6,765,000 - 6,765,000 - - 6,765,000 various  
Hwy Sfty, Trfc Red 2006 G.O. Bond Series G (372 Apr09-BAB) 04/28/09 588,118,397 - 588,118,397 - - 588,118,397 various  
Hwy Sfty, Trfc Red 2006 G.O. Bond Series 2009C (327 SBCTA) 05/15/09 193,368,000 - 193,368,000 - - 193,368,000 3.30%  
Hwy Sfty, Trfc Red 2006 G.O. Bond Series 2009B (308 LACMTA) 04/01/09 20,020,941 - 20,020,941 - - 20,020,941 3.7%  
Hwy Sfty, Trfc Red 2006 G.O. Bond Series E (310 Mar09) 04/02/09 143,713,600 - 143,713,600 - - 143,713,600 various  
Hwy Sfty, Trfc Red 2006 G.O. Bond Series F (318 Apr09) 04/28/09 569,827 - 569,827 - - 569,827 various  
Hwy Sfty, Trfc Red 2006 G.O. Bond Series G (374 Apr09-BAB) 05/08/09 235,442,000 - 235,442,000 - - 235,442,000 various  
Federal Highway Grant Anticipation Bonds Series 2008A 05/08/09 97,635,000 - 97,635,000 853,833 - 98,488,833 various  
TOTAL   2,864,941,401 - 2,864,941,401 853,833 - 2,865,795,234    
Connecticut NEW ISSUE STO Bonds INFRASTRUCT. 2008 Series A P.A. 84-254 - 12-10-08 300,000,000 - 300,000,000 4,617,761 - 304,617,761 3.0% - 5.0% Transportation
REFUNDING STO Bonds INFRASTRUCT. 2008 Series 1 P.A. 84-254 - 10-01-08 - 97,690,000 97,690,000 3,303,751 - 100,993,751 3.0% - 5.0% Transportation
REFUNDING STO Bonds INFRASTRUCT. 2009 Series 1 P.A. 84-254 - 01-29-09 - 415,035,000 415,035,000 35,191,791 - 450,226,791 2.0% - 5.0% Transportation
TOTAL   300,000,000 512,725,000 812,725,000 43,113,303 - 855,838,303    
Delaware 2008 Series B 11/20/08 117,875,000 - 117,875,000 3,445,955 - 121,320,955 Various Pledged Revenue
2009 Series A 06/02/09 105,315,000 - 105,315,000 10,624,978 - 115,939,978 Various Pledged Revenue
TOTAL   223,190,000 - 223,190,000 14,070,933 - 237,260,933    
District of Columbia D.C. Income Tax Secured Revenue Bonds Series 2009A 03/19/09 67,363,000 - 67,363,000 - - 67,363,000 4.9%  
Georgia 2008B General Obligation Bond 06/01/08 170,000,000 - 170,000,000 9,487,638 367,839 179,855,477 3.0% - 5.0% General Obligation Bonds
2009B General Obligation Bond 02/01/09 130,000,000 - 130,000,000 6,560,967 166,177 136,727,143 2.0% - 5.0% General Obligation Bonds
2009E General Obligation Bond 05/01/09 - 12,758,346 12,758,346 1,793,008 45,829 14,597,183 2.0% - 5.0% General Obligation Bonds
State Road and Tollway Authority (Georgia) Federal Highway Grant Anticipation Revenue Bonds, Series 2009-A 03/04/09 480,000,000 - 480,000,000 49,438,086 - 529,438,086 3% Federal Highway Grant Revenues
State Road and Tollway Authority (Georgia) Federal Highway Reimbursement Revenue Bonds, Series 2009-A 03/04/09 120,000,000 - 120,000,000 8,244,904 - 128,244,904 3% Federal Highway Reimbursement Revenues
TOTAL   900,000,000 12,758,346 912,758,346 75,524,602 579,845 988,862,793    
Hawaii Revenue Bond Series 2008 12/09/08 125,175,000 - 125,175,000 857,616 - 126,032,616 3% - 5.25%  
Idaho GARVEE Bond Series 2009A 02/05/09 172,210,000 - 172,210,000 6,876,026 - 179,086,026 3% Federal Funds with match from ITD
Louisiana State of LA GO Refunding Bonds Series 2008A 07/16/08 - 3,799,445 3,799,445 - - 3,799,445 variable General Obligation
State of LA Gas & Fuels Tax Series 2009A-1 05/07/09 200,000,000 - 200,000,000 - - 200,000,000 variable Motor Fuels Tax
State of LA Gas & Fuels Tax Series 2009A-2 05/07/09 103,125,000 - 103,125,000 - - 103,125,000 variable Motor Fuels Tax
State of LA Gas & Fuels Tax Series 2009A-3 05/28/09 121,250,000 - 121,250,000 - - 121,250,000 variable Motor Fuels Tax
TOTAL   424,375,000 3,799,445 428,174,445 - - 428,174,445    
Maine Highway Fund Bonding PL 2007 Chapter 39 01/01/09 37,310,000 - 37,310,000 - - 37,310,000 Variable Highway Fund
Maryland Dept of Transportation of Maryland $280,000,000 Consolidated Transportation Bonds Series 2008 2nd 9/10/08 280,000,000 - 280,000,000 7,465,332 - 287,465,332 3.00% - 5.00% see below
Dept of Transportation of Maryland $110,000,000 Consolidated Transportation Bonds Series 2009 5/20/09 110,000,000 - 110,000,000 5,477,604 - 115,477,604 3.00% - 4.00% see below
TOTAL   390,000,000 - 390,000,000 12,942,936 - 402,942,936    
Massachusetts Highway Improvement Loan Act of 1991 09/11/08 229,722 - 229,722 - - 229,722 3.00% - 5.00% Highway Fund
Highway Improvement Loan Act of 1991 09/11/08 1,058,671 - 1,058,671 - - 1,058,671 3% Highway Fund
Highway Improvement Loan Act of 1991 05/28/09 392,720 - 392,720 - - 392,720 3.25% Highway Fund
Highway Improvement Loan Act of 1994 09/11/08 300,302 - 300,302 - - 300,302 5% Highway Fund
Highway Improvement Loan Act II of 1994 09/11/08 2,085,074 - 2,085,074 - - 2,085,074 3.00% - 5.00% Highway Fund
Accelerated Transportation & Development Act of 1994 09/11/08 368,574 - 368,574 - - 368,574 3.7% Highway Fund
Highway Improvement Loan Act of 1996 09/11/08 452,450 - 452,450 - - 452,450 3.00% - 5.00% Highway Fund
Highway Improvement Loan Act of 1996 09/11/08 575,151 - 575,151 - - 575,151 3.00% - 5.00% Highway Fund
Highway Improvement Loan Act of 1999 09/11/08 43,118 - 43,118 - - 43,118 4.00% - 5.00% Highway Fund
Highway Improvement Loan Act of 2000 09/11/08 2,806,626 - 2,806,626 - - 2,806,626 4.00% - 5.00% Highway Fund
Highway Improvement Loan Act of 2000 09/11/08 36,943,469 - 36,943,469 1,533,687 - 38,477,156 5% Highway Fund
Highway Improvement Loan Act of 2000 08/01/08 1,870,720 - 1,870,720 (3,315) - 1,867,405 3% Highway Fund
Highway Improvement Loan Act of 2000 09/11/08 4,452,368 - 4,452,368 - - 4,452,368 3% Highway Fund
Highway Improvement Loan Act of 2000 09/11/08 2,293,640 - 2,293,640 - - 2,293,640 3.00% - 5.00% Highway Fund
Special Obligation Revenue Highway Improvement Loan Act of 2004 09/11/08 25,097,331 - 25,097,331 (74,713) - 25,022,618 3.00% - 5.00% Highway Fund
Highway Improvement Loan Act of 2004 09/11/08 49,587,333 - 49,587,333 3,379,995 - 52,967,328 3.50% - 5.00% Highway Fund
Highway Improvement Loan Act of 2004 09/11/08 4,793,473 - 4,793,473 - - 4,793,473 5% Highway Fund
Regional Transportation Authority Improvement Loan Act of 2004 09/11/08 10,239,434 - 10,239,434 1,704,236 - 11,943,670 3.50% - 5.00% Highway Fund
Mobility Assistance Program Improvement Loan Act of 2004 09/11/08 3,249,237 - 3,249,237 - - 3,249,237 4.25% Highway Fund
Highway Improvement Loan Act of 2007 09/11/08 30,219,485 - 30,219,485 (60,945) - 30,158,540 3.00% - 5.00% Highway Fund
TOTAL   198,212,546 - 198,212,546 7,607,308 - 205,819,854    
Michigan State Trunkline Grant Anticipation Bonds Series 2009B 06/17/09 281,910,000 - 281,910,000 (1,914,135) - 279,995,865 4.750% - 7.625% FED
Comprehensive Transportation Refunding Bonds Series 2009 05/06/09 - 42,335,000 42,335,000 2,267,530 - 44,602,530 3.00% - 5.00% STATE
TOTAL   281,910,000 42,335,000 324,245,000 353,395 - 324,598,395   GENERAL FUND REVENUES
Missouri Series A Federal Reimbursement State Road Bonds 12/04/08 142,735,000 - 142,735,000 2,834,554 - 145,569,554 3.00%-5.00% Federal Highway
New Hampshire Highway & Safety Bond 01/01/09 30,000,000 - 30,000,000 - - 30,000,000    
Ohio Major New Infrastructure Revenue Bonds 10/30/08 375,000,000 - 375,000,000 7,092,428 - 382,092,428 State Revenue
New Jersey Series A 2008 11/21/08 1,122,744,638 - 1,122,744,638 (12,243,097) - 1,110,501,542 5.25%-6.750% State Appropriation
Series A 2009 06/03/09 142,730,924 - 142,730,924 - - 142,730,924 6.230% - 6.40% State Appropriation
Series B 2009 06/03/09 273,500,000 - 273,500,000 (4,365,060) - 269,134,940 7% State Appropriation
TOTAL   1,538,975,562 - 1,538,975,562 (16,608,157) - 1,522,367,406    
New York State Authority 01/01/09 1,153,628,515 2,430,101 1,156,058,616 - - 1,156,058,616 3.50% - 5.250%  
Oregon Highway User Tax Revenue Bonds Series 2009A 03/24/09 347,290,000 - 347,290,000 4,915,646 - 352,205,646 4.0% MF/MV Taxes
Pennsylvania Series 2009 01/01/09 200,000,000 - 200,000,000 - - 200,000,000    
Rhode Island G.O. CCDL 2008 Series B 12/02/08 40,500,000 - 40,500,000 - - 40,500,000 4.00%-5.00% Gas Tax Receipts
G.O. Refunding CCDL 2008 Series D 12/02/08 - 12,485,000 12,485,000 - - 12,485,000    
TOTAL   40,500,000 12,485,000 52,985,000 - - 52,985,000    
Texas Texas Mobility Fund Bonds 08/26/09 1,208,495,000 - 1,208,495,000 - - 1,208,495,000 3.625% - 5.367%  
Utah G.O. Bonds 2009A 03/17/09 366,720,000 - 366,720,000 31,280,000 - 398,000,000    
Washington M V FUEL TAX G O BOND SERIES 2009A Fund 218 (VP) 07/23/08 6,665,000 - 6,665,000 333,716 - 6,998,716 5% MVFT
M V FUEL TAX G O BOND SERIES 2009B (Project 2003-550) 07/23/08 145,000,000 - 145,000,000 7,311,107 - 152,311,107 5% MVFT
M V FUEL TAX G O BOND SERIES 2009B Project 2005-09H) 07/23/08 115,000,000 - 115,000,000 5,798,764 - 120,798,764 5% MVFT
M V FUEL TAX G O BOND SERIES 2009C Fund 218 (VP) 01/22/09 51,955,000 - 51,955,000 2,043,829 - 53,998,829 2.50%-5.00% MVFT
M V FUEL TAX G O BOND SERIES 2009D Project 2005-09H) 01/22/09 48,110,000 - 48,110,000 1,885,383 - 49,995,383 2.50%-5.00% MVFT
M V FUEL TAX G O BOND SERIES 2009D (HWY-215) 01/22/09 11,545,000 - 11,545,000 452,228 - 11,997,228 2.50%-5.00% MVFT
M V FUEL TAX G O BOND SERIES 2009D (R-49-108) 01/22/09 14,430,000 - 14,430,000 565,994 - 14,995,994 2.50%-5.00% MVFT
M V FUEL TAX G O BOND SERIES 2009D (Project 2003-550) 01/22/09 55,915,000 - 55,915,000 2,188,708 - 58,103,708 2.50%-5.00% MVFT
M V FUEL TAX G O BOND SERIES 2009F (Project 2003-550) 04/21/09 27,190,000 - 27,190,000 (114,512) - 27,075,488 3.00%-5.00% MVFT
M V FUEL TAX G O BOND SERIES 2009F (R-49-108) 04/21/09 11,035,000 - 11,035,000 (34,565) - 11,000,435 3.00%-5.00% MVFT
TOTAL   486,845,000 - 486,845,000 20,430,652 - 507,275,652    
Wisconsin State of Wisconsin General Obligation Bonds 2008, Series C 09/04/08 74,125,000 - 74,125,000 - - 74,125,000 4.0% - 5.0% Motor Fuel Taxes, Registration Fees & Reg.-related Fees
State of Wisconsin General Obligation Bonds 2008, Series D 12/23/08 15,000,000 - 15,000,000 - - 15,000,000 5.0% - 6.0%  
State of Wisconsin Transportation Revenue Bonds 2008 Series A 08/27/08 185,000,000 - 185,000,000 8,438,411 - 193,438,411 5.0%  
TOTAL   274,125,000 - 274,125,000 8,438,411 - 282,563,411    
GRAND TOTAL 23,165,117,760 1,792,495,781 24,957,613,541 601,523,264 1,163,365 25,560,300,170    

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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Updated: 01/03/2012

FHWA
United States Department of Transportation - Federal Highway Administration