Highway Statistics Series
Highway Statistics 2017
State Obligations For Highways - 2017
Obligations Issued or Assumed During Year (1) (2) (3) (4) (5) (6)
JANUARY 2022
Table SB-1
Page 1 of 3
(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 | ||||||||
| Arizona | Highway Bond Funding Obligation Hurf Refunding | 10/6/16 | 0 | 212,340 | 203,050 | 53,800 | 0 | 256,850 | 5.00% | Taxes and Fees |
| M/RARF Bond Funding Obligation Refunding | 10/6/17 | 0 | 116,270 | 109,850 | 23,682 | 0 | 133,532 | 5.00% | Taxes and Fees | |
| GANs Grant Anticipation Refunding Notes | 10/6/17 | 0 | 96,485 | 90,410 | 22,104 | 0 | 112,514 | 5.00% | Taxes and Fees | |
| TOTAL | 0 | 425,095 | 403,310 | 99,585 | 0 | 502,895 | ||||
| California | Hwy Sfty, Trfc Red 2006 G.O. Bond 428:August 2016 TE | 299,805 | 0 | 299,805 | 0 | 0 | 299,805 | |||
| TOTAL | 1,886,137 | 9,072 | 1,895,209 | 0 | 0 | 1,895,209 | ||||
| Colorado | CDOT R2, R4 and KOA Facilities Lease Purchase Agreement Cert of Participation 2017 | 58,665 | 0 | 58,665 | 6,861 | 0 | 65,526 | |||
| C-470 Express Lane Series 2017 | 161,795 | 0 | 161,795 | 14,730 | 0 | 176,525 | ||||
| TOTAL | 220,460 | 0 | 220,460 | 21,591 | 0 | 242,051 | ||||
| Connecticut | New Issue STO Bonds Infrastructure Purposes 2016 Series A | 9/28/16 | 800,000 | 0 | 800,000 | 152,914 | 0 | 952,914 | 3-5% | Transportation Fund |
| Refunding STO Bonds Infrastructure Purposes 2016 Series B | 9/28/16 | 0 | 75,565 | 68,265 | 13,858 | 0 | 82,123 | 2-5% | Transportation Fund | |
| TOTAL | 800,000 | 75,565 | 868,265 | 166,772 | 0 | 1,035,037 | ||||
| Delaware | SERIES 2017 Sr. Revenue Bond | 66,241 | 40,759 | 107,000 | 8,600 | 1,056 | 116,656 | Various | DTA Pledged Revenues | |
| District of Columbia | Series 2016B District of Columbia Multimodal G.O. **Refunding Bonds | 11/18/16 | 18,934 | 18,631 | 37,564 | 0 | 0 | 37,564 | 3% | Income Tax Revenue |
| Series 2016D District of Columbia G.O. Bonds | 11/21/16 | 187,950 | 0 | 187,950 | 25,607 | 0 | 213,557 | 5% | Income Tax Revenue | |
| Series 2017A District of Columbia G.O. **Refunding Bonds | 6/1/17 | 0 | 133,814 | 114,881 | 19,608 | 0 | 134,488 | 4% | Income Tax Revenue | |
| TOTAL | 206,883 | 152,445 | 340,395 | 45,215 | 0 | 385,609 | ||||
| Florida | Turnpike Revenue Refunding Bonds Series 2016C | 2/2/17 | 0 | 157,950 | 142,595 | 18,510 | 0 | 161,105 | 4%-5% | Toll Revenue |
| ROW Acquisition and Bridge Construction Bonds Series 2016B | 7/21/16 | 92,520 | 0 | 92,520 | 8,117 | 0 | 100,637 | 2.5%-5% | Motor Fuel Taxes | |
| TOTAL | 92,520 | 157,950 | 235,115 | 26,627 | 0 | 261,742 | ||||
| Georgia | 2016Ca General Obligation Bond | 7/7/16 | 0 | 2,865 | 2,865 | 503 | 0 | 3,368 | 1.50% - 5.00% | General Obligation Bonds |
| 2016Cc General Obligation Bond | 7/7/16 | 0 | 29,710 | 29,710 | 5,217 | 0 | 34,926 | 1.50% - 5.00% | General Obligation Bonds | |
| 2016Cg General Obligation Bond | 7/7/16 | 0 | 17,187 | 17,187 | 3,018 | 0 | 20,205 | 1.50% - 5.00% | General Obligation Bonds | |
| 2016Ec General Obligation Bond | 11/17/16 | 0 | 101,795 | 101,795 | 25,687 | 0 | 127,482 | 2.00% - 5.00% | General Obligation Bonds | |
| 2016Fa General Obligation Bond | 11/17/16 | 0 | 83,545 | 83,545 | 11,038 | 0 | 94,583 | 4.00% - 5.00% | General Obligation Bonds | |
| 2016Fb General Obligation Bond | 11/17/16 | 0 | 65,964 | 65,964 | 8,715 | 0 | 74,679 | 4.00% - 5.00% | General Obligation Bonds | |
| State Road and Tollway Authority State of Georgia (Full Faith and Credit) Guaranteed Revenue Refunding Bonds, Series 2016 | 7/28/16 | 0 | 23,810 | 19,265 | 5,124 | 198 | 24,587 | 5% | Motor Fuel Taxes | |
| I-75 Northwest Corridor Express Lanes Project-DBF Loan | 25,848 | 0 | 25,848 | 0 | 0 | 25,848 | N/A | N/A | ||
| State Road and Tollway Authority Series 2014A&B Toll Revenue Bonds (I-75S Express Lanes Proj) | 2,071 | 0 | 2,071 | 0 | 0 | 2,071 | 6.25%-7% | I-75S Toll Revenues | ||
| I-75 Northwest Corridor Express Lanes Project-TIFIA Loan | 186,653 | 0 | 186,653 | 0 | 0 | 186,653 | 4% | I-75 NWC Toll Revenues | ||
| TOTAL | 214,572 | 324,875 | 534,902 | 59,302 | 198 | 594,403 | ||||
| Hawaii | Revenue Bond Series 2016 | 09/08/2016 | 92,895 | 111,590 | 204,485 | 43,096 | 0 | 247,581 | 2% - 5% | |
| Illinois | Transportation Bond (Highway Share) (Series "D") | November | 290,000 | 0 | 290,000 | 18,137 | 0 | 308,137 | 4.125%-5.0% | |
| Transportation Refunding Bond (Highway Share) (Series "A & D") | October | 0 | 355,541 | 347,679 | 7,862 | 0 | 355,541 | 4.0%-5.0% | ||
| TOTAL | 290,000 | 355,541 | 637,679 | 25,998 | 0 | 663,677 | ||||
| Kansas | HIGHWAY REVENUE REVENUE BONDS 2017A | 200,000 | 0 | 200,000 | 42,212 | 0 | 242,212 | |||
| Kentucky | TAK | 12/7/16 | 41,980 | 0 | 41,980 | 3,319 | 0 | 45,299 | 2% to 5% | Transp. Cab. Revenues |
| Louisiana | GO Series 2016A | 9/22/16 | 25,056 | 0 | 25,056 | 4,634 | 0 | 29,690 | 3%-5% | General Obligation |
| GO Series 2016D | 9/8/16 | 44,484 | 0 | 44,484 | 7,055 | 0 | 51,539 | 4%-5% | General Obligation | |
| GO Series 2017A | 3/31/17 | 22,119 | 0 | 22,119 | 1,898 | 0 | 24,018 | 3.5% - 5% | General Obligation | |
| Gas & Fuels Refunding Series 2017A | 5/1/17 | 0 | 200,000 | 200,000 | 0 | 0 | 200,000 | Variable | Motor-fuel taxes | |
| TOTAL | 91,659 | 200,000 | 291,659 | 13,587 | 0 | 305,246 | ||||
| Massachusetts | Revenue Bonds | 1,259,830 | 803,739 | 2,063,569 | 0 | 0 | 2,063,569 | |||
| Mississippi | DeSoto County 2017 | 43,785 | 0 | 43,785 | 0 | 0 | 43,785 | 3.12 | ||
| Nevada | Highway Revenue Bonds | 2/28/17 | 167,665 | 0 | 167,665 | 18,382 | 0 | 186,047 | 3% | |
| New Hampshire | G.O. Refunding 2016 Series A | 11/30/16 | 0 | 2,043 | 2,043 | 0 | 0 | 2,043 | 5% | Highway Funds |
| G.O. Capital Imp 2016 Series B | 11/30/16 | 9,480 | 520 | 10,000 | 0 | 0 | 10,000 | 3 - 5% | Highway Funds | |
| TOTAL | 9,480 | 2,564 | 12,043 | 0 | 0 | 12,043 | ||||
JANUARY 2022
Table SB-1
Page 2 of 3
(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 | ||||||||
| New Jersey | NJTTFA Federal Hwy Reimbusement Revenue Note | 11/2/16 | 2,741,425 | 0 | 2,741,425 | 177,087 | 0 | 2,918,512 | 4.100-5.000% | Cap Int./Fed Reimb ** |
| North Carolina | 2016 Turnpike Toll Revenue Bonds | 119,831 | 17,221 | 137,052 | 7,331 | 0 | 144,383 | 5% | Tolls/State Funds | |
| 2017 Turnpike Revenue Refunding | 0 | 223,379 | 200,515 | 26,587 | 0 | 227,102 | 5% | Tolls | ||
| TOTAL | 119,831 | 240,600 | 337,567 | 33,918 | 0 | 371,485 | ||||
| Ohio | Major New Infrastructure Revenue Bonds | 8/12/16 | 217,565 | 0 | 217,565 | 47,676 | 0 | 265,241 | Federal/State | |
| Oregon | 2017 Art. XI Sec 7 GO Bonds Series 2017M ODOT Projects | 5/4/17 | 30,005 | 0 | 30,005 | 5,356 | 0 | 35,361 | 3% | General Funds |
| 2017 Highway Revenue Bonds Series 2017S-1 Subordinate Lien | 5/1/17 | 160 | 265,515 | 265,675 | 0 | 0 | 265,675 | VARIABLE | Highway Revenue | |
| 2017 Highway Revenue Bonds Series 2017S-2 Subordinate Lien | 5/1/17 | 100,075 | 0 | 100,075 | 0 | 0 | 100,075 | VARIABLE | Highway Revenue | |
| 2017 Highway Revenue Bonds Series 2017A | 6/8/17 | 244,030 | 0 | 244,030 | 46,985 | 0 | 291,015 | 2% | Highway Revenue | |
| 2017 Highway Revenue Bonds Series 2017B Refunding Bonds | 6/8/17 | 0 | 95,970 | 91,675 | 18,902 | 384 | 110,961 | 2% | Highway Revenue | |
| TOTAL | 374,270 | 361,485 | 731,460 | 71,243 | 384 | 803,086 | ||||
| Pennsylvania | Commonwealth of PA General Obligation 2nd Refunding Series of 2016 | 12/16/16 | 0 | 98,105 | 89,610 | 11,612 | 0 | 101,222 | 0.05 | Motor License Fund |
| Texas | Texas Mobility Fund GO Bonds | 2/1/17 | 0 | 910,186 | 770,155 | 143,780 | 0 | 913,935 | 3.2% - 5.517% | E |
| State Highway Fund Revenue Bonds | 10/26/16 | 616,761 | 73,819 | 690,580 | 112,255 | 0 | 802,835 | 3.0% - 5.25% | F | |
| State of Texas Highway Improvement GO Bonds | 11/2/16 | 588,755 | 0 | 588,755 | 110,972 | 0 | 699,727 | 3% - 5% | G | |
| Central Texas Turnpike Revenue Bonds | 0 | 0 | 0 | 0 | 0 | 0 | 4.47% - 6.10% | H | ||
| TPFA State of Texas GO Commercial Paper Notes Colonia Roadway Projects | 0 | 0 | 0 | 0 | 0 | 0 | Variable | J | ||
| TOTAL | 1,205,516 | 984,005 | 2,049,490 | 367,008 | 0 | 2,416,498 | ||||
| Virginia | Commonwealth of VA Transportation Revenue Refunding Bonds (U.S. Route 58 Corridor) Series 2017B | 5/31/ 2017 | 0 | 27,950 | 26,655 | 1,583 | 0 | 28,238 | 5.000% | note a |
| Commonwealth of VA Transportation Revenue Refunding Bonds (Northern VA Trans Distr) Series 2017A | 5/31/2017 | 0 | 12,760 | 11,945 | 940 | 0 | 12,885 | 5.000% | note b | |
| Commonwealth of VA General Obligation Refunding Bonds (Coleman Bridge) Series 2016AB | 11/10/2016 | 0 | 14,205 | 13,185 | 1,342 | 0 | 14,527 | 5.000% | note c | |
| Commonwealth of VA Transportation Federal Grant Anticipation Revenue Notes (GARVEE) Series 2016 | 11/9/2016 | 316,930 | 0 | 316,930 | 64,902 | 0 | 381,832 | 2.000% - 5.000% | note d | |
| TOTAL | 316,930 | 54,915 | 368,715 | 68,767 | 0 | 437,482 | ||||
| Washington | M V FUEL TAX G O BOND SERIES R-2013B-1 2003B(R49-108) | 7/1/12 | 0 | 0 | 0 | 0 | 0 | 0 | 4.536%-5.481% | MVFT |
| M V FUEL TAX G O BOND SERIES 2017B&E (Project 2003-550) | 1/1/13 | 40,045 | 0 | 40,045 | 7,754 | 0 | 47,799 | 2.50% - 5.00% | MVFT | |
| M V FUEL TAX G O BOND SERIES 2017B (Project 2005-09H) | 1/1/13 | 118,880 | 0 | 118,880 | 28,280 | 0 | 147,160 | 2.50% - 5.00% | MVFT | |
| M V FUEL TAX GO, TOLL & MVET BOND SERIES 2017C (Project 520 - 16J) | 74,465 | 15,905 | 90,370 | 20,642 | 0 | 111,012 | 3% | MVFT & TOLL | ||
| M V FUEL TAX G O BOND SERIES 2017B (Refnd R2010B(HWY-215) | 0 | 4,465 | 4,465 | 0 | 0 | 4,465 | MVFT | |||
| M V FUEL TAX G O BOND SERIES 2017B (Refnd R2010B(R49-108) | 0 | 12,535 | 12,535 | 0 | 0 | 12,535 | MVFT | |||
| M V FUEL TAX G O BOND SERIES 2017B (Refnd R2010B(PRJ.2003-550) | 0 | 88,185 | 88,185 | 0 | 0 | 88,185 | MVFT | |||
JANUARY 2022
Table SB-1
Page 3 of 3
(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 | ||||||||
| Washington | (continued) | |||||||||
| M V FUEL TAX G O BOND SERIES 2017B (Refnd R2010B(TPA 2005-09H) | 0 | 161,355 | 161,355 | 0 | 0 | 161,355 | MVFT | |||
| M V FUEL TAX G O BOND SERIES 2017D (Refnd R2007B(1997(HWY-215) | 0 | 7,975 | 7,975 | 0 | 0 | 7,975 | MVFT | |||
| M V FUEL TAX G O BOND SERIES 2017D (Refnd R2007B(1997F(PPI-108))) | 0 | 475 | 475 | 0 | 0 | 475 | MVFT | |||
| M V FUEL TAX G O BOND SERIES 2017D (Refnd R2007B(1997F(HWY-108))) | 0 | 470 | 470 | 0 | 0 | 470 | MVFT | |||
| M V FUEL TAX G O BOND SERIES 2017A (Refnd R2010A(PRJ.2003-550) | 0 | 11,410 | 11,410 | 0 | 0 | 11,410 | MVFT | |||
| M V FUEL TAX G O BOND SERIES 2017B (Refnd R2010B -TIB 144) | 0 | 5,045 | 5,045 | 0 | 0 | 5,045 | MVFT | |||
| M V FUEL TAX G O BOND SERIES 2017D (Refnd R2007B -TIB 144) | 0 | 15,585 | 15,585 | 0 | 0 | 15,585 | MVFT | |||
| TOTAL | 233,390 | 323,405 | 556,795 | 56,676 | 0 | 613,471 | ||||
| Wisconsin | State of Wisconsin General Obligation Bonds 2016, Series B | 6/28/16 | 48,201 | 0 | 48,201 | 0 | 0 | 48,201 | 4%-5% | Motor Fuel Taxes, Registration Fees & Reg. -related Fees |
| State of Wisconsin General Obligation Refunding Bonds 2016, Series 2 | 8/25/16 | 0 | 92,661 | 92,661 | 0 | 0 | 92,661 | 1.5%-5% | ||
| State of Wisconsin General Obligation Bonds 2016, Series D | 10/25/16 | 170,605 | 0 | 170,605 | 0 | 0 | 170,605 | 4%-5% | ||
| State of Wisconsin General Obligation Bonds 2017, Series A | 3/29/17 | 143,090 | 0 | 143,090 | 0 | 0 | 143,090 | 4%-5% | ||
| State of Wisconsin Transportation Refunding Revenue Bonds 2017 Series 1 | 5/31/17 | 174,876 | 109,644 | 284,520 | 15,710 | 0 | 300,230 | |||
| TOTAL | 536,771 | 202,305 | 739,076 | 15,710 | 0 | 754,786 | ||||
| GRAND TOTAL | 9,843,472 | 4,914,943 | 14,503,820 | 1,423,984 | 1,638 | 15,929,443 | ||||
(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.
Page last modified on February 17, 2022