题名: |
HIGHWAY BONDS: AN EMERGING OPTION FOR INCREASING HIGHWAY FINANCING. |
作者: |
Howard-T |
关键词: |
INTERMODAL-SURFACE-TRANSPORTATION-EFFICIENCY-ACT; CAPITAL-INVESTMENTS; BONDS-; TRANSPORTATION-NEEDS; FUNDING-; FINANCIAL-PROGRAMMING; LAW-AND-LEGISLATION; REVENUES-; EQUITY-; EFFICIENCY-; POLITICAL-ASPECTS; INFRASTRUCTURE-ECONOMICS |
摘要: |
An urgent need for investment in transportation capital infrastructure improvements and passage of the Intermodal Surface Transportation Efficiency Act (ISTEA) is prompting transportation decision makers to explore various financing options. Bond issuance is an option that is gaining popularity. This article teaches the basic concepts of highway bond issuance in a question-and-answer format. Highway bond financing has increased dramatically in the last decade. The reasons for the current trends are program needs, reduced interest rates, and improved financial products. ISTEA and other federal legislation promote and encourage the use of bonds. The appropriateness of highway bond financing must be evaluated--along with other available financing options--to determine the revenue potential, equity, efficiency, and political acceptability. |
总页数: |
Public Roads. 1995. Spring 58(4) pp12-15 (3 Fig., 1 Tab.) |
报告类型: |
科技报告 |