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FHWA Home / Policy & Governmental Affairs / Highway Policy Information / Table SB-1 - Highway Statistics 2019

Highway Statistics 2019


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State Obligations For Highways - 2019
Obligations Issued or Assumed During Year 1/

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.

Page last modified on April 12, 2021
Federal Highway Administration | 1200 New Jersey Avenue, SE | Washington, DC 20590 | 202-366-4000