Evolving Debt Finance Practices for Surface Transportation (2017) / Chapter Skim
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Summary Most states issue debt to help meet transportation infrastructure investment needs. Eighty-three percent reported having outstanding debt for transportation investment purposes, and 95% report having the authority to issue debt for such purposes.
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2 • In most states, provisions included in constitutions or statutes (or combinations of the two) govern the level and form of debt issuance, including revenues that may be used for repayment (see Figure 5)
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3 • Avoid excessively long-term debt issuance (more than 30 years) , while considering the useful life of the financed asset(s)
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