U.S. Department of Transportation
Federal Highway Administration
1200 New Jersey Avenue, SE
Washington, DC 20590
202-366-4000
January 2020
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 | GANs Grant Anticipation Notes | 9/20/2017 | 62,595 | 0 | 62,595 | 12,711 | 0 | 75,306 | 4.00% - 5.00% | Federal Aid Revenues |
California | Hwy Sfty, Trfc Red 2006 G.O. Bond 428:August 2016 TE | 380,799 | 0 | 380,799 | 0 | 0 | 380,799 | 329,363 | ||
Hwy Sfty, Trfc Red 2006 G.O. Bond 425:Mar 2016TE | 17,986 | 0 | 17,986 | 0 | 0 | 17,986 | ||||
TOTAL | 398,785 | 0 | 398,785 | 0 | 0 | 398,785 | ||||
Colorado | Series 2018A Rural Colorado COPS | 9/26/2018 | 145,290 | 0 | 145,290 | 0 | 0 | 145,290 | 1.84-5.00% | |
I-25 North Toll Revenue Note | 12/15/2018 | 23,630 | 0 | 23,630 | 0 | 0 | 23,630 | 0.07 | ||
I-70 West Peak Shoulder | 12/19/2018 | 25,000 | 0 | 25,000 | 0 | 0 | 25,000 | 2.79% - 7.0% | ||
TOTAL | 193,920 | 0 | 193,920 | 0 | 0 | 193,920 | ||||
Connecticut | 13033 Infrastructure Series 2018A | 2/8/2018 | 800,000 | 0 | 800,000 | 109,887 | 0 | 909,887 | 4-5% | Transportation Fund |
Dist. Of Col. | Series 2017D District of Columbia G.O. Bonds | 12/21/2017 | 129,126 | 0 | 129,126 | 20,121 | 0 | 149,247 | Income Tax Revenue | |
Florida | Turnpike Revenue Refunding Bonds Series 2017A | 12/28/2017 | 0 | 147,628 | 131,885 | 16,097 | 0 | 147,982 | 4-5% | Toll Revenue |
ROW Acquisition and Bridge Construction Bonds Series 2017A | 7/27/2017 | 288,705 | 0 | 288,705 | 15,130 | 0 | 303,835 | 3-5% | Motor Fuel Taxes | |
ROW Acquisition and Bridge Construction Bonds Series 2018A | 6/7/2018 | 99,990 | 0 | 99,990 | 8,486 | 0 | 108,476 | 4-5% | Motor Fuel Taxes | |
Alligator Alley Revenue Refunding Bonds 2017A | 7/18/2017 | 0 | 25,391 | 21,635 | 3,869 | 0 | 25,504 | 0.05 | Toll Revenue | |
TOTAL | 388,695 | 173,019 | 542,215 | 43,582 | 0 | 585,797 | ||||
Georgia | State Road and Tollway Authority Series 2014A&B Toll Revenue Bonds (I-75S Express Lanes Proj) | 8/1/2017 | 2,215 | 0 | 2,215 | 0 | 0 | 2,215 | 6.25%-7% | I-75S Toll Revenue |
I-75 Northwest Corridor Express Lanes Project-TIFIA Loan | 8/1/2017 | 35,045 | 0 | 35,045 | 0 | 0 | 35,045 | I-75 NWC Toll Revenue | ||
Federal Highway Grant Anticipation Revenue Bonds, Series 2017-A | 8/1/2017 | 51,005 | 0 | 51,005 | 9,238 | 0 | 60,243 | 5.00% | Federal Hwy Grant | |
Federal Highway Reimbursement Revenue Bonds, Series 2017-A | 8/1/2017 | 12,845 | 0 | 12,845 | 2,216 | 0 | 15,061 | 4.00%-5.00% | Federal Hwy Reimbursement Revenues | |
Federal Highway Grant Anticipation Revenue Bonds, Series 2017-B | 8/1/2017 | 0 | 240,375 | 231,320 | 21,917 | 0 | 253,237 | 5.00% | Federal Hwy Grant | |
Federal Highway Reimbursement Revenue Bonds, Series 2017-B | 8/1/2017 | 0 | 58,240 | 54,595 | 5,242 | 1,211 | 61,048 | 5.00% | Federal Hwy Reimbursement Revenues | |
2017A3 General Obligation | 6/20/2017 | 100,000 | 0 | 100,000 | 447 | 0 | 100,447 | 3.00%-5.00% | G.O. Bonds | |
2017Ca1 General Obligation Bond Refunding | 6/20/2017 | 0 | 8,391 | 8,391 | 1,541 | 0 | 9,932 | 5.00% | G.O. Bonds | |
2017Ca2 General Obligation Bond Refunding | 6/20/2017 | 0 | 18,154 | 18,154 | 3,334 | 0 | 21,488 | 5.00% | G.O. Bonds | |
2017Cb General Obligation Bond Refunding | 6/20/2017 | 0 | 51,789 | 51,789 | 9,510 | 0 | 61,299 | 5.00% | G.O. Bonds | |
TOTAL | 201,110 | 376,949 | 565,359 | 53,445 | 1,211 | 620,015 | ||||
Idaho | GARVEE Bond Series 2017 | 10/19/2017 | 0 | 101,145 | 91,265 | 17,756 | 0 | 109,021 | 0.0224 | Federal Funds with match from ITD |
Illinois | Transportation Bond (Highway Share) (Series "A") | 12/1/2017 | 348,000 | 0 | 348,000 | (15,581) | 0 | 332,419 | 4.0%-5.125% | |
Transportation Bond (Highway Share) (Series "D") | 12/1/2017 | 2,000 | 0 | 2,000 | (90) | 0 | 1,911 | 4.0%-5.125% | ||
Transportation Refunding Bond (Highway Share) (Series "A & D") | 09/30/2017 | 0 | 341,342 | 327,842 | 13,500 | 0 | 341,342 | 0.05 | ||
TOTAL | 350,000 | 341,342 | 677,842 | (2,170) | 0 | 675,672 | ||||
Kansas | HIGHWAY REVENUE REVENUE BONDS 2018A | 173,035 | 0 | 173,035 | 26,962 | 0 | 199,997 | |||
Kentucky | TAK | 8/23/2017 | 27,415 | 0 | 27,415 | 2,748 | 0 | 30,163 | 2% to 5% | Transp. Cab. Revenues |
TAK | 8/23/2017 | 0 | 151,365 | 146,920 | 28,384 | 0 | 175,304 | 2% to 5% | ||
TOTAL | 27,415 | 151,365 | 174,335 | 31,132 | 0 | 205,467 | ||||
Louisiana | GO Series 2017B | 9/20/2017 | 94,111 | 0 | 94,111 | 13,067 | 0 | 107,179 | 3%-5% | General Obligation |
Gas & Fuels Refunding Series 2017B | 8/30/2017 | 0 | 75,457 | 60,690 | 13,848 | 1,050 | 75,588 | 4%-5% | Motor-fuel taxes | |
Gas & Fuels Refunding Series 2017C | 8/30/2017 | 0 | 345,772 | 297,405 | 42,651 | 6,336 | 346,392 | 0.05 | Motor-fuel taxes | |
Gas & Fuels Refunding Series 2017D-1 | 11/27/2017 | 103,125 | 0 | 103,125 | 0 | 0 | 103,125 | Variable | Motor-fuel taxes | |
Gas & Fuels Refunding Series 2017D-2 | 11/27/2017 | 121,250 | 0 | 121,250 | 0 | 0 | 121,250 | Variable | Motor-fuel taxes | |
TOTAL | 318,486 | 421,229 | 676,581 | 69,566 | 7,386 | 753,534 | ||||
Maryland | Series 2017 2nd | 9/21/2017 | 425,000 | 0 | 425,000 | 78,613 | 0 | 503,613 | 3-5% | |
Series 2018 | 5/24/2018 | 130,000 | 0 | 130,000 | 15,352 | 0 | 145,352 | 3-5% | ||
TOTAL | 555,000 | 0 | 555,000 | 93,965 | 0 | 648,965 |
January 2020
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 | ||||||||
Minnesota | Transportation | 10/11/2017 | 0 | 600 | 502 | 98 | 0 | 600 | 0.0274 | General Fund |
Transportation | 10/11/2017 | 0 | 1,350 | 1,129 | 221 | 0 | 1,350 | 0.0274 | General Fund | |
Transportation | 10/11/2017 | 0 | 9,150 | 7,651 | 1,499 | 0 | 9,150 | 0.0274 | General Fund | |
Trunk Highway | 10/11/2017 | 0 | 57,400 | 57,400 | 5,415 | 0 | 62,815 | 0.0236 | Trunk Highway | |
Trunk Highway | 10/11/2017 | 0 | 1,200 | 1,200 | 113 | 0 | 1,313 | 0.0236 | Trunk Highway | |
Trunk Highway | 10/11/2017 | 25,300 | 0 | 25,300 | 2,387 | 0 | 27,687 | 0.0236 | Trunk Highway | |
Trunk Highway | 10/11/2017 | 0 | 30,100 | 30,100 | 2,840 | 0 | 32,940 | 0.0236 | Trunk Highway | |
Trunk Highway | 10/11/2017 | 78,245 | 2,865 | 81,110 | 11,684 | 0 | 92,794 | 0.0192 | Trunk Highway | |
TOTAL | 103,545 | 102,665 | 204,391 | 24,259 | 0 | 228,649 | ||||
Nevada | Hwy Improvement Revenue Bonds Series 6/5/18 | 6/5/2018 | 125,905 | 0 | 125,905 | 9,825 | 0 | 135,730 | 0.032133 | |
New Hampshire | G.O. Capital Imp 2017 Series B | 12/20/2017 | 10,000 | 0 | 10,000 | 0 | 0 | 10,000 | 3 - 5% | Highway Funds |
New Mexico | 2018A Refunding Revenue Bonds Fund | 6/27/2018 | 90 | 420,000 | 420,090 | 69,235 | 0 | 489,325 | 0.05 | State Road & HIF Fund |
New York | REBUILD AND RENEW NY TRANSPORTATION: HIGHWAYS, WATERWAYS, | 3/15/2018 | 33,279 | 0 | 33,279 | 350 | 0 | 33,629 | 1.340% - 5.000% | GF REVENUES and BAB FED INT SUBSIDY PMT |
DEDICATED HIGHWAY | 10/13/2017 | 82,825 | 0 | 82,825 | 18,062 | 0 | 100,887 | 0.05 | 25% STATES PERSONAL INC TAX REV | |
TRANSPORTATION INFRASTRUCTURE | 10/13/2017 | 454,435 | 0 | 454,435 | 86,504 | 0 | 540,939 | 0.05 | 25% STATES PERSONAL INC TAX REV | |
TOTAL | 570,539 | 0 | 570,539 | 104,916 | 0 | 675,455 | ||||
North Carolina | 2017 GARVEE Refunding Bonds | 8/15/2017 | 0 | 224,730 | 224,640 | 28,508 | 0 | 253,148 | 5% | Fed/State Rev |
2018 Turnpike Revenue Refunding | 5/10/2018 | 0 | 150,125 | 150,125 | 6,966 | 0 | 157,091 | 3.29%-3.53% | Toll/State Rev | |
TOTAL | 0 | 374,855 | 374,765 | 35,475 | 0 | 410,240 | ||||
Ohio | General Obligation Highway Bonds | 10/3/2017 | 204,420 | 0 | 204,420 | 39,484 | 0 | 243,904 | State | |
General Obligation Highway Bonds | 10/3/2017 | 0 | 142,950 | 136,265 | 33,094 | 0 | 169,359 | State | ||
Major New Infrastructure Revenue Bonds | 3/27/2018 | 369,975 | 0 | 369,975 | 51,900 | 0 | 421,875 | State | ||
TOTAL | 574,395 | 142,950 | 710,660 | 124,477 | 0 | 835,137 | ||||
Oklahoma | ODOT 2018A, Grant Anticipation | 61,505 | 0 | 61,505 | 10,023 | 0 | 71,528 | 3%-5% | ||
Pennsylvania | Commonwealth of PA General Obligation 1st Refunding Series of 2017 | 11/16/2017 | 0 | 62,270 | 60,685 | 10,470 | 0 | 71,155 | 5.00%, 4.00% | Motor License Fund |
Rhode Island | G.O. Refunding CCDL 2018 Series B | 5/9/2017 | 1,000 | 0 | 1,000 | 32 | 0 | 1,032 | Gas Tax Receipts | |
Utah | 2017 GO Bond Issue | 6/27/2017 | 41,260 | 0 | 41,260 | 5,798 | 0 | 47,058 | 0.0218 | County of First Class |
2017 GO Refunding Bond | 12/15/2017 | 9,200 | 109,500 | 118,700 | 0 | 0 | 118,700 | 0.02205 | Transportation Investment Fund | |
2018 GO Bond Issue | 2/6/2018 | 254,550 | 0 | 254,550 | 30,885 | 0 | 285,435 | 0.0265 | Transportation Investment Fund | |
TOTAL | 305,010 | 109,500 | 414,510 | 36,682 | 0 | 451,192 | ||||
Virginia | Commonwealth of Virginia Transportation Capital Projects Revenue Bonds (CPRB) Series 2017 | 7/12/ 2017 | 260,670 | 0 | 260,670 | 24,543 | 0 | 285,213 | 5.00% | note a |
Commonwealth of Virginia Transportation Capital Projects Revenue Refunding Bonds (CPRB) Series 2017 | 12/14/2017 | 0 | 670,870 | 629,165 | 112,998 | 0 | 742,163 | 5.00% | note b | |
Commonwealth of Virginia Transportation Capital Projects Revenue Bonds (CPRB) Series 2018 | 6/14/2018 | 145,495 | 0 | 145,495 | 10,367 | 0 | 155,862 | 5.00% | note c | |
Commonwealth of VA Transportation Federal Grant Anticipation Revenue Notes (GARVEE) Series 2017 | 12/7/2017 | 178,615 | 304,385 | 483,000 | 91,963 | 1,829 | 576,791 | 2.000% - 5.000% | note d | |
TOTAL | 584,780 | 975,255 | 1,518,330 | 239,870 | 1,829 | 1,760,029 | ||||
Washington | M V FUEL TAX G O BOND SERIES R-2013B-1 2003B(R49-108) | 0 | 0 | 0 | 0 | 0 | 0 | 4.536%-5.481% | MVFT | |
M V FUEL TAX G O BOND SERIES 2018 B&D (Project 2003-550) | 40,440 | 0 | 40,440 | 7,513 | 0 | 47,953 | 2.50% - 5.00% | MVFT | ||
M V FUEL TAX G O BOND SERIES 2018 B&D (Project 2005-09H) | 172,405 | 0 | 172,405 | 29,586 | 0 | 201,991 | 2.50% - 5.00% | MVFT | ||
M V FUEL TAX GO, TOLL & MVET BOND SERIES 2017C (Project 520 - 16J) | 0 | 0 | 0 | 0 | 0 | 0 | 3% | MVFT & TOLL | ||
M V FUEL TAX G O BOND SERIES 2018B (Refnd 2007B (Ferrys 099) | 13,610 | 0 | 13,610 | 0 | 0 | 13,610 | MVFT | |||
M V FUEL TAX G O BOND SERIES 2018B (Refnd 2007D(1998B HWY 215) | 0 | 2,740 | 2,740 | 0 | 0 | 2,740 | MVFT | |||
M V FUEL TAX G O BOND SERIES 2018B (Refnd R2007D(1998B(HWY-108))) | 0 | 225 | 225 | 0 | 0 | 225 | MVFT |
January 2020
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 2018B (Refnd R2007D(1998B HYW-108) | 0 | 1,100 | 1,100 | 0 | 0 | 1,100 | MVFT | |||
M V FUEL TAX G O BOND SERIES 2018B (Refnd R2007D(1998B(HWY-108) | 0 | 40 | 40 | 0 | 0 | 40 | MVFT | |||
M V FUEL TAX G O BOND SERIES 2018B (Refnd R2007D(1999C(HWY 215))) | 0 | 3,195 | 3,195 | 0 | 0 | 3,195 | MVFT | |||
M V FUEL TAX G O BOND SERIES 2018B (Refnd R2007d(1999C(HWY 108))) | 0 | 520 | 520 | 0 | 0 | 520 | MVFT | |||
M V FUEL TAX G O BOND SERIES 2018B (Refnd R2007d(1999C(HWY 108))) | 0 | 1,010 | 1,010 | 0 | 0 | 1,010 | MVFT | |||
M V FUEL TAX G O BOND SERIES 2018B (Refnd R2007d(1999C(FERRY 099)) | 0 | 6,865 | 6,865 | 0 | 0 | 6,865 | MVFT | |||
M V FUEL TAX G O BOND SERIES 2018C (Refnd R2011B(DOT 218) | 21,855 | 3,500 | 25,355 | 0 | 0 | 25,355 | MVFT | |||
M V FUEL TAX G O BOND SERIES 2018D (Refnd R2011B(DOT 218) | 0 | 11,305 | 11,305 | 0 | 0 | 11,305 | MVFT | |||
M V FUEL TAX G O BOND SERIES 2018D (Refnd R2013A(DOT 218) | 0 | 1,590 | 1,590 | 0 | 0 | 1,590 | ||||
TOTAL | 248,310 | 32,090 | 280,400 | 37,099 | 0 | 317,499 | ||||
Wisconsin | State of Wisconsin General Obligation Refunding Bonds 2017, Series 1 | 7/12/2017 | 0 | 88,023 | 88,023 | 0 | 0 | 88,023 | 2.0%-5.0% | Motor Fuel Taxes, Registration Fees & Reg.-related Fees |
State of Wisconsin General Obligation Refunding Bonds 2017, Series 2 | 11/15/2017 | 0 | 97,632 | 97,632 | 0 | 0 | 97,632 | 5.00% | ||
State of Wisconsin General Obligation Bonds 2017, Series B | 11/30/2017 | 34,772 | 0 | 34,772 | 0 | 0 | 34,772 | 4.0%-5.0% | ||
State of Wisconsin General Obligation Refunding Bonds 2017, Series 3 | 12/28/2017 | 90,285 | 83,406 | 173,691 | 0 | 0 | 173,691 | 4.0%-5.0% | ||
State of Wisconsin General Obligation Bonds 2018, Series A | 3/15/2018 | 30,644 | 0 | 30,644 | 0 | 0 | 30,644 | 4.0%-5.0% | ||
State of Wisconsin Transportation Refunding Revenue Bonds 2017 Series 2 | 12/21/2017 | 0 | 427,423 | 368,595 | 73,639 | 0 | 442,234 | 5.00% | ||
TOTAL | 155,702 | 696,483 | 793,357 | 73,639 | 0 | 866,997 | ||||
GRAND TOTAL | 6,549,596 | 4,691,768 | 10,973,085 | 1,289,233 | 10,426 | 12,272,744 |
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.