Highway Statistics 2015

Debt Obligations for Highways Overview

This section covers information on State and local transportation debt activities. The tables provide information on the amount and nature of annual bond financing by the States for highways and mass transit, and on the change in debt during the year. It provides details on the sale of State transportation bonds and the use of the bond proceeds, information on the par value amount of outstanding State transportation debt, and sinking funds, or interest and redemption funds, which are maintained to service State obligations for highways or mass transportation.