U.S. Department of Transportation
Federal Highway Administration
1200 New Jersey Avenue, SE
Washington, DC 20590
202-366-4000
December 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 | 4/11/19 | 62,465 | 0 | 62,465 | 12,973 | 0 | 75,438 | 0.05 | Federal Aid Revenues |
| M/RARF Maricopa County Transportation Excise Tax Bonds | 8/23/18 | 262,010 | 0 | 262,010 | 28,476 | 0 | 290,486 | 0.04913 | Maricopa County Excise Tax Revenues | |
| TOTAL | 324,475 | 0 | 324,475 | 41,449 | 0 | 365,924 | ||||
| California | Safe, Reliable, High Speed Passenger Train G.O.Bond | 60,000 | 0 | 60,000 | 0 | 0 | 60,000 | |||
| Colorado | Senior Revenue Refunding Bonds Series 2019A | 9/26/18 | 0 | 42,820 | 38,740 | 6,331 | 0 | 45,071 | 0.04 | |
| Connecticut | New Issue STO Bonds Infrastructure Purposes | 10/25/18 | 750,000 | 0 | 750,000 | 73,786 | 0 | 823,786 | 0.05 | Transportation Fund |
| Refunding STO Bonds Infrastructure Purposes | 10/25/18 | 0 | 109,490 | 100,105 | 9,785 | 0 | 109,890 | 3 - 5% | Transportation Fund | |
| TOTAL | 750,000 | 109,490 | 850,105 | 83,571 | 0 | 933,676 | ||||
| District of Columbia | Series 2019A District of Columbia G.O. Bonds | 2/21/2019 | 179,762 | 56,956 | 236,719 | 39,642 | 0 | 276,361 | Tax Revenue Collections | |
| Florida | Turnpike Revenue Bonds Series 2018A | 12/20/18 | 299,975 | 0 | 299,975 | 21,053 | 0 | 321,028 | 4-5% | Toll Revenue |
| Turnpike Revenue Refunding Bonds Series 2019A | 2/21/19 | 0 | 253,367 | 224,455 | 29,567 | 0 | 254,022 | 4-5% | Toll Revenue | |
| Financing Corporation Revenue Bonds 2018 | 9/20/18 | 164,005 | 0 | 164,005 | 24,863 | 0 | 188,868 | 4-5% | Service Contract Payments | |
| ROW Acquisition and Bridge Construction Bonds Series 2018B | 7/19/18 | 245,280 | 0 | 245,280 | 20,349 | 0 | 265,629 | 4-5% | Motor Fuel Taxes | |
| ROW Acquisition and Bridge Construction Refunding Bonds Series 2019A | 4/4/19 | 0 | 271,615 | 240,695 | 31,601 | 0 | 272,296 | 4-5% | Motor Fuel Taxes | |
| Sunshine Skyway Revenue Bonds 2019A | 5/23/19 | 86,640 | 0 | 86,640 | 13,642 | 0 | 100,282 | 4-5% | Toll Revenue | |
| TOTAL | 795,900 | 524,982 | 1,261,050 | 141,075 | 0 | 1,402,125 | ||||
| Georgia | Joint Resolution | Interest accretion during FY19 | 2,389 | 0 | 2,389 | 0 | 0 | 2,389 | I-75S Toll Revenues | Interest accretion during FY19 |
| Design-Build Finance Agreement | Various draws/interest in FY19 | 45,949 | 0 | 45,949 | 0 | 0 | 45,949 | I-75 NWC Toll Revenues | Various draws/interest in FY19 | |
| TOTAL | 48,338 | 0 | 48,338 | 0 | 0 | 48,338 | ||||
| Idaho | GARVEE Bond Series 2017 | 5/15/19 | 114,000 | 8,130 | 122,130 | 25,086 | 0 | 147,216 | 0.0326 | Federal Funds with match from ITD |
| Illinois | Transportation Refunding Bond (Highway Share) (Series "A & D") | 4/9/19 | 0 | 65,720 | 65,720 | 0 | 0 | 65,720 | 5.0%-5.125% | |
| Louisiana | GO Series 2019A | 2/28/19 | 122,357 | 0 | 122,357 | 21,152 | 0 | 143,509 | 0.05 | General Obligation |
| Grant Anticipation Revenue Bonds Series 2019 | 4/23/19 | 185,000 | 0 | 185,000 | 33,460 | 0 | 218,460 | 0.05 | see comments | |
| TOTAL | 318,486 | 421,229 | 676,581 | 69,566 | 7,386 | 753,534 | ||||
| Maryland | Department of Transportation Maryland Consolidated Transportation Bonds, Series 2018 2nd | 10/3/18 | 630,680 | 0 | 630,680 | 60,191 | 0 | 690,871 | see below | |
December 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 | ||||||||
| Mississippi | Gaming Revenue Road & Bridge Repair | 268,775 | 0 | 268,775 | 0 | 0 | 268,775 | 5% | ||
| Missouri | Federal Reimbursement Refunding State road bonds Series A 2019 | 5/13/19 | 0 | 111,300 | 102,705 | 9,112 | 0 | 111,817 | 0.05 | Federal Highway Reimbursement |
| New Hampshire | G.O. Capital Imp 2018 Series A | 12/18/18 | 10,000 | 0 | 10,000 | 0 | 0 | 10,000 | 3.25 - 5% | Highway Funds |
| New Jersey | NJTTFA Federal Hwy Reimbusement Revenue Refunding Note | 7/25/18 | 0 | 1,310,423 | 1,195,730 | 119,096 | 0 | 1,314,826 | 3.00-5.00% | Sub-Acct Cap Res ** |
| NJTTFA Transportation System Bonds Refunding | 10/3/18 | 0 | 1,657,422 | 1,567,435 | 99,560 | 0 | 1,666,995 | 4.00-5.00% | State Appropriation | |
| NJTTFA Transportation Program Bonds | 1/15/19 | 750,000 | 0 | 750,000 | 31,257 | 0 | 781,257 | 3.750-5.250% | State Appropriation | |
| TOTAL | 750,000 | 2,967,845 | 3,513,165 | 249,914 | 0 | 3,763,079 | ||||
| New York | TRANSPORTATION: HIGHWAYS, WATERWAYS, AVIATION, RAILS AND PORTS, | 3/21/19 | 14,828 | 0 | 14,828 | 2,460 | 0 | 17,288 | 1.340% - 5.000% | GENERAL FUND REVENUES and BAB FED INT PMT |
| DEDICATED HIGHWAY | 7/11/18 | 471,580 | 0 | 471,580 | 67,075 | 0 | 538,655 | 0.05 | ||
| TRANSPORTATION INFRASTRUCTURE | 10/12/18 | 522,540 | 0 | 522,540 | 82,585 | 0 | 605,125 | 0.05 | ||
| TOTAL | 1,008,948 | 0 | 1,008,948 | 152,120 | 0 | 1,161,068 | ||||
| North Carolina | 2018T Turnpike Revenue Refunding | 12/12/18 | 401,155 | 0 | 401,155 | 28,367 | 0 | 429,522 | 4.00%-5.00% | Toll/State Rev |
| 2018B Turnpike Revenue Refunding | 12/31/18 | 244 | 161,515 | 161,759 | 0 | 0 | 161,759 | 3% | Toll/State Rev | |
| 2019 Grant Anticipation Revenue Vehicle | 6/4/19 | 600,000 | 0 | 600,000 | 119,044 | 0 | 719,044 | 5% | Federal Revenues | |
| 2019 BuildNC GO Bonds | 6/27/19 | 300,000 | 0 | 300,000 | 57,344 | 0 | 357,344 | 4.00%-5.00% | State Rev | |
| TOTAL | 1,301,399 | 161,515 | 1,462,914 | 204,755 | 0 | 1,667,669 | ||||
| Ohio | General Obligation Highway Bonds Series V | 12/12/18 | 187,125 | 0 | 187,125 | 27,622 | 0 | 214,747 | State | |
| Pennsylvania | Commonwealth of PA General Obligation 1st Refunding Series of 2019 | 6/26/19 | 0 | 230,000 | 196,290 | 39,034 | 0 | 235,324 | 0.05 | Motor License Fund |
| Texas | TPFA State of Texas GO Commercial Paper Notes Colonia Roadway Projects | 0 | 17,385 | 15,734 | 2,226 | 0 | 17,960 | Variable | ||
| Utah | 2019 GO Bond Issue | 1/15/19 | 127,715 | 0 | 127,715 | 23,305 | 0 | 151,020 | Transportation Investment Fund | |
| Virginia | Commonwealth of VA Transportation Revenue Refunding Bonds (Northern VA Trans Distr) Series 2019A | 5/16/2019 | 0 | 49,300 | 43,360 | 6,377 | 0 | 49,737 | 3.000% - 5.000% | note a |
| Commonwealth of Virginia Transportation Capital Projects Revenue Bonds (CPRB) Series 2019 | 4/23/2019 | 235,965 | 0 | 235,965 | 20,256 | 0 | 256,221 | 5.000% | note b | |
| Commonwealth of VA Transportation Federal Grant Anticipation Revenue Notes (GARVEE) Series 2018 | 12/5/2018 | 75,750 | 0 | 75,750 | 9,665 | 0 | 85,415 | 2.000% - 5.000% | note d | |
| TOTAL | 311,715 | 49,300 | 355,075 | 36,298 | 0 | 391,373 | ||||
| Washington | M V FUEL TAX G O BOND SERIES R-2013B-1 2003B(R49-108) | 7/1/12 | 42,940 | 0 | 42,940 | 7,079 | 0 | 50,019 | MVFT | |
| M V FUEL TAX G O BOND SERIES 2018 B&D (Project 2003-550) | 1/1/13 | 17,575 | 0 | 17,575 | 2,666 | 0 | 20,241 | MVFT | ||
| M V FUEL TAX G O BOND SERIES 2018 B&D (Project 2005-09H) | 1/1/13 | 204,610 | 0 | 204,610 | 32,538 | 0 | 237,148 | MVFT | ||
| TOTAL | 265,125 | 0 | 265,125 | 42,283 | 0 | 307,408 | ||||
December 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 | ||||||||
| West Virginia | Special Obligation Notes, Series 2018A | 78,810 | 0 | 78,810 | 0 | 0 | 78,810 | |||
| Wisconsin | State of Wisconsin General Obligation Bonds 2018, Series B | 10/11/18 | 39,062 | 46,151 | 85,213 | 0 | 0 | 85,213 | 5.0% | Motor Fuel Taxes, Registration Fees & Reg.-related Fees |
| State of Wisconsin General Obligation Variable Rate Demand Obligation Notes 2019, Series A | 5/30/19 | 1,061 | 0 | 1,061 | 0 | 0 | 1,061 | 1.55%-9.00% | ||
| State of Wisconsin Transportation Revenue Bonds 2019, Series A | 4/4/19 | 121,015 | 34,935 | 155,950 | 25,887 | 0 | 181,837 | 5.0% | ||
| TOTAL | 161,138 | 81,086 | 242,224 | 25,887 | 0 | 268,111 | ||||
| GRAND TOTAL | 8,931,225 | 5,101,135 | 13,704,487 | 1,264,512 | 0 | 14,968,999 | ||||
(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.
