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FHWA Home / Policy & Governmental Affairs / Highway Policy Information / Table SB-1 - Highway Statistics 2018

Highway Statistics 2018


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State Obligations For Highways - 2018
Obligations Issued or Assumed During Year 1/

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.

Page last modified on February 6, 2020
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