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Federal Debt Financing Tools


Roundtable Discussions on GARVEE Bonds (June 2017)
This report summarizes the noteworthy practices and issues related to the GARVEE bond program discussed at two roundtables held in Denver, Colorado and Arlington, Virginia in June 2017.

Grant Anticipation Revenue Vehicle (GARVEE) Bonds (May 2015)
PDF or Powerpoint
Essentials of Innovative Finance Workshop, Puerto Rico and U.S. Virgin Islands

GARVEE Bond Guidance (June 2014)
FHWA's most recent guidance on GARVEEs, replacing earlier guidance issued in March 2004.

Today's Roads with Tomorrow's Dollars: Using GARVEE Bonds to Finance Transportation Projects (March 2005)
A Brooking Institution publication.

Sample GARVEE Memorandum of Agreement between FHWA and a state DOT

Federal Highway Administration | 1200 New Jersey Avenue, SE | Washington, DC 20590 | 202-366-4000
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