Highway Statistics Series
Highway Statistics 2020
State Obligations For Highways - 2020
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 | 2/12/20 | 37,320 | 472,955 | 510,275 | (818) | 0 | 509,457 | ||
| Colorado | Series 2020A Rural Colorado COPS | 309,824 | 0 | 309,824 | 59,810 | 0 | 369,634 | 0.05 | ||
| Refunding COPS 2020 | 0 | 22,290 | 19,050 | 3,742 | 0 | 22,792 | 0.04 | |||
| TOTAL | 309,824 | 22,290 | 328,874 | 63,551 | 0 | 392,425 | ||||
| Connecticut | New Issue STO Bonds Infrastructure Purposes 2020 Series A | 5/29/20 | 850,000 | 0 | 850,000 | 150,742 | 0 | 1,000,742 | 3 - 5% | Transportation Fund |
| Delaware | SERIES 2019 | 137,135 | 0 | 137,135 | 23,285 | 0 | 160,420 | various | pledged revenues | |
| District of Columbia | 2019A I.T. District of Columbia I.T. Bonds | 249,008 | 0 | 249,008 | 46,664 | 0 | 295,672 | Tax Revenue Collections | ||
| 2020A I.T. District of Columbia I.T. Bonds | 215,183 | 0 | 215,183 | 46,458 | 0 | 261,641 | Tax Revenue Collections | |||
| 2020C I.T. District of Columbia I.T. Bonds | 52,006 | 0 | 52,006 | 14,460 | 0 | 66,466 | Tax Revenue Collections | |||
| Series 2020 Federal Highway Grant Anticipation Revenue Bonds | 227,710 | 0 | 227,710 | 63,693 | 0 | 291,403 | Title 23 Federal Funding | |||
| TOTAL | 743,907 | 0 | 743,907 | 171,275 | 0 | 915,182 | ||||
| Florida | Turnpike Revenue Bonds Series 2019B | 12/17/19 | 177,930 | 0 | 177,930 | 13,850 | 0 | 191,780 | 3-5% | Toll Revenue |
| Turnpike Revenue Refunding Bonds Series 2020A | 4/2/20 | 0 | 231,181 | 190,745 | 41,186 | 0 | 231,931 | 3-5% | Toll Revenue | |
| ROW Acquisition and Bridge Construction Bonds Series 2019B | 8/22/19 | 184,500 | 0 | 184,500 | 14,445 | 0 | 198,945 | 3-5% | Motor Fuel Taxes | |
| Indirect GARVEE Federal Highway Reimbursement Revenue Bonds Series 2019A | 11/7/19 | 123,225 | 0 | 123,225 | 27,386 | 0 | 150,611 | Federal Reimbursements | ||
| TOTAL | 485,655 | 231,181 | 676,400 | 96,867 | 0 | 773,267 | ||||
| Georgia | State Road and Tollway Authority Series 2014A&B Toll Revenue Bonds (I-75S Express Lanes Proj) | Interest accretion during FY20 | 2,529 | 0 | 2,529 | 0 | 0 | 2,529 | 6.25%-7% | I-75S Toll Revenues |
| I-75 Northwest Corridor Express Lanes Project-TIFIA Loan | Various draws/interest in FY20 | 11,830 | 0 | 11,830 | 0 | 0 | 11,830 | 0.0379 | I-75 NWC Toll Revenues | |
| 2019Cb General Obligation | 6/19/19 | 0 | 2,577 | 2,338 | 364 | 0 | 2,702 | 0.05 | General Obligation Bonds | |
| TOTAL | 14,359 | 2,577 | 16,697 | 364 | 0 | 17,061 | ||||
| Hawaii | Revenue Bond Series 2019 | 12/11/19 | 81,835 | 0 | 81,835 | 18,661 | 0 | 100,496 | 3% - 5% | |
| Illinois | Transportation Bond (Highway Share) (Series "A") | November-A | 133,817 | 0 | 133,817 | 15,784 | 0 | 149,601 | 0.05 | |
| Transportation Bond (Highway Share) (Series "A") | November-B | 133,817 | 0 | 133,817 | 10,384 | 0 | 144,201 | 4.0%-5.0% | ||
| Transportation Bond (Highway Share) (Series "A") | November-C | 66,909 | 0 | 66,909 | 1,931 | 0 | 68,839 | 0.04 | ||
| Transportation Bond (Highway Share) (Series "A") | May | 250,000 | 0 | 250,000 | (5,069) | 0 | 244,931 | 4.875%-5.75% | ||
| Transportation Bond (Highway Share) (Series "D") | November-A | 38,203 | 0 | 38,203 | 4,506 | 0 | 42,709 | 0.05 | ||
| Transportation Bond (Highway Share) (Series "D") | November-B | 38,203 | 0 | 38,203 | 2,965 | 0 | 41,167 | 4.0%-5.0% | ||
| Transportation Bond (Highway Share) (Series "D") | November-C | 19,102 | 0 | 19,102 | 551 | 0 | 19,653 | 0.04 | ||
| Transportation Bond (Highway Share) (Series "D") | May | 100,000 | 0 | 100,000 | (2,027) | 0 | 97,973 | 4.875%-5.75% | ||
| TOTAL | 780,050 | 0 | 780,050 | 29,024 | 0 | 809,074 | ||||
| Louisiana | GO Series 2020A | 3/11/20 | 71,595 | 0 | 71,595 | 21,033 | 0 | 92,628 | 0.05 | General Obligation |
| GO Refunding Series 2020B | 3/11/20 | 0 | 8,822 | 8,436 | 387 | 9 | 8,832 | 0.05 | General Obligation | |
| Gasoline & Fuels Refunding Delayed Draw Series 2020 | 4/20/20 | 0 | 554,695 | 554,695 | 0 | 0 | 554,695 | 1.769%-2.397% | Motor-fuel taxes | |
| TOTAL | 71,595 | 563,517 | 634,726 | 21,421 | 9 | 656,156 | ||||
| Maryland | Department of Transportation of MD Consolidated Transportation Bonds, Series 2018 2nd | 10/2/19 | 490,000 | 0 | 490,000 | 64,597 | 0 | 554,597 | Motor-fuel taxes and Motor Vehicle Fees | |
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 | ||||||||
| Michigan | State Trunkline Fund Refunding Bonds Series 2020A | 4/7/20 | 103,485 | 0 | 103,485 | 7,675 | 0 | 111,160 | 0.05 | |
| State Trunkline Fund Bonds Series 2020B | 8/27/20 | 800,000 | 0 | 800,000 | 217,306 | 0 | 1,017,306 | 4.00 - 5.00% | ||
| TOTAL | 903,485 | 0 | 903,485 | 224,980 | 0 | 1,128,465 | ||||
| Missouri | Third Lien State Road Bonds Series B 2019 | 12/11/19 | 178,370 | 0 | 178,370 | 23,039 | 0 | 201,409 | N/A | N/A |
| New Hampshire | G.O. Capital Imp 2020 Series A | 3/5/20 | 15,000 | 0 | 15,000 | 0 | 0 | 15,000 | 0.05 | Highway Funds |
| New Jersey | NJTTFA Transportation System Bonds Refunding | 12/4/19 | 0 | 698,500 | 619,775 | 101,723 | 0 | 721,498 | 4.00-5.00% | State Appropriation |
| NJTTFA Transportation System Bonds Refunding | 12/4/19 | 52,535 | 893,800 | 946,335 | 0 | 0 | 946,335 | 2.38-4.13% | State Appropriation | |
| NJTTFA Transportation Program Bonds | 10/3/19 | 1,000,000 | 0 | 1,000,000 | 86,161 | 0 | 1,086,161 | 3.25-5.00% | State Appropriation | |
| NJTTFA Transportation Program Bonds Remarketing | 10/3/19 | 150,000 | 0 | 150,000 | 28,431 | 0 | 178,431 | 0.05 | State Appropriation | |
| TOTAL | 1,202,535 | 1,592,300 | 2,716,110 | 216,315 | 0 | 2,932,425 | ||||
| North Carolina | 2019 Turnpike Triangle Exp Revenue | 12/17/19 | 370,975 | 0 | 370,975 | 57,331 | 0 | 428,306 | 3.00%-5.00% | Toll/State Rev |
| 2019 Turnpike Triangle Exp Appropriation | 12/17/19 | 115,979 | 0 | 115,979 | 0 | 0 | 115,979 | 3.03%-3.26% | State Rev | |
| TOTAL | 486,954 | 0 | 486,954 | 57,331 | 0 | 544,285 | ||||
| Ohio | Major New Infrastructure GARVEE | 12/18/19 | 180,010 | 0 | 180,010 | 41,095 | 0 | 221,105 | 2% | Federal |
| General Obligation Highway Bonds | 6/18/20 | 68,045 | 0 | 68,045 | 17,484 | 0 | 85,529 | 1% | State | |
| TOTAL | 248,055 | 0 | 248,055 | 58,579 | 0 | 306,634 | ||||
| Oklahoma | OCIA STATE HIGHWAY CAPITOL | 4/2/20 | 0 | 92,075 | 82,360 | 11,954 | 0 | 94,314 | 0.05 | Appropriations by State Legislature |
| Texas | Texas Mobility Fund GO Bonds | 8/5/20 | 5,748 | 1,264,942 | 1,270,690 | 0 | 18,260 | 1,288,950 | 2.472% - 5.517% | |
| State Highway Fund Revenue Bonds | 7/1/20 | 315,063 | 26,362 | 341,425 | 84,188 | 0 | 425,613 | 3.000% - 5.250% | ||
| State of Texas Highway Improvement GO Bonds | 12/11/2019 & 07/08/2020 | 0 | 1,641,156 | 1,499,785 | 131,233 | 17,253 | 1,648,271 | 2.000% - 5.000% | ||
| Central Texas Turnpike Revenue Bonds | 0 | 0 | 0 | 0 | 0 | 0 | 4.470% - 6.10% | |||
| TPFA State of Texas GO Commercial Paper Notes Colonia Roadway Projects | 0 | 0 | 0 | 0 | 0 | 0 | Variable | |||
| TOTAL | 320,811 | 2,932,460 | 3,111,900 | 215,420 | 35,513 | 3,362,834 | ||||
| Utah | 2020A GO Bond Issue | 2/27/20 | 448,430 | 0 | 448,430 | 92,167 | 0 | 540,597 | 0.016 | Transportation Investment Fund |
| 2020B GO Bond Issue | 5/27/20 | 151,625 | 0 | 151,625 | 26,156 | 0 | 177,781 | 1.54% | Transportation Investment Fund | |
| TOTAL | 600,055 | 0 | 600,055 | 118,323 | 0 | 718,378 | ||||
| Washington | MVFT/VRF GO BOND SERIES 2020B (Project 2015 - 20H) | 9/25/19 | 224,445 | 0 | 224,445 | 55,917 | 0 | 280,362 | 2.89% | MVFT/VRF |
| M V FUEL TAX G O BOND SERIES R-2020B (Various) | 10/4/19 | 43,845 | 0 | 43,845 | 0 | 0 | 43,845 | 0.0138 | MVFT | |
| M V FUEL TAX G O BOND SERIES R-2020B (Project 1999-215) | 10/4/19 | 3,085 | 0 | 3,085 | 0 | 0 | 3,085 | 0.0138 | MVFT | |
| M V FUEL TAX G O BOND SERIES 2020D (Project 1999-215) | 2/26/20 | 3,940 | 0 | 3,940 | 1,068 | 0 | 5,008 | 0.028 | MVFT | |
| M V FUEL TAX G O BOND SERIES 2020D (Project 2005-09H) | 2/26/20 | 55,170 | 0 | 55,170 | 14,962 | 0 | 70,132 | 0.028 | MVFT | |
| MVFT/VRF GO BOND SERIES 2020E (Project 2015 - 20H) | 2/26/20 | 118,130 | 0 | 118,130 | 32,034 | 0 | 150,164 | 3% | MVFT/VRF | |
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 R-2020D (Project 1999-215) | 4/29/20 | 16,195 | 0 | 16,195 | 0 | 0 | 16,195 | 0.0111 | MVFT |
| M V FUEL TAX G O BOND SERIES R-2020D (R49-108) | 4/29/20 | 161,215 | 0 | 161,215 | 0 | 0 | 161,215 | 0.0111 | MVFT | |
| M V FUEL TAX G O BOND SERIES R-2020D (Project 2003-550) | 4/29/20 | 6,915 | 0 | 6,915 | 0 | 0 | 6,915 | 0.0111 | MVFT | |
| M V FUEL TAX G O BOND SERIES 2010C (Refnd R2001D -TIB 144) | 6,175 | 0 | 6,175 | 0 | 0 | 6,175 | MVFT | |||
| M V FUEL TAX G O BOND SERIES 2011C (Refnd R2002C -TIB 144) | 4,365 | 0 | 4,365 | 0 | 0 | 4,365 | MVFT | |||
| TOTAL | 643,480 | 0 | 643,480 | 103,981 | 0 | 747,461 | ||||
| West Virginia | General Obligation State Road Bonds Series 2019 A | 600,000 | 0 | 600,000 | 0 | 0 | 600,000 | 0 | State Road Fund | |
| Wisconsin | State of Wisconsin General Obligation Refunding Bonds 2019, Series 1 | 10/31/19 | 0 | 39,933 | 39,933 | 0 | 0 | 39,933 | 1.757%-2.531% | Motor Fuel Taxes, Registration Fees & Reg.-related Fees |
| State of Wisconsin General Obligation Bonds 2019, Series B | 11/14/19 | 118,243 | 0 | 118,243 | 0 | 0 | 118,243 | 4.0%-5.0% | ||
| State of Wisconsin General Obligation Refunding Bonds 2020, Series 1 | 1/22/20 | 16,167 | 0 | 16,167 | 0 | 0 | 16,167 | 4.0%-5.0% | ||
| State of Wisconsin General Obligation Refunding Bonds 2020, Series 2 | 1/22/20 | 65,139 | 0 | 65,139 | 0 | 0 | 65,139 | 1.626-2.347% | ||
| State of Wisconsin General Obligation Bonds 2020, Series A | 6/3/20 | 31,821 | 0 | 31,821 | 0 | 0 | 31,821 | 4.0%-5.0% | ||
| TOTAL | 231,371 | 39,933 | 271,304 | 0 | 0 | 271,304 | ||||
| GRAND TOTAL | 9,431,797 | 5,949,288 | 15,106,972 | 1,668,893 | 35,523 | 16,811,388 | ||||
(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 January 27, 2022