详情

Guidebook for Effective Policies and Practices for Managing Surface Transportation Debt

项目名称：	Guidebook for Effective Policies and Practices for Managing Surface Transportation Debt
摘要：	State departments of transportation (DOTs) have a wide range of policies and practices in place to guide management of their surface transportation debt programs. Despite these existing practices, agencies have to respond to a significant increase in the amount and types of financing being used to pay for transportation investments coupled with an increasingly complex regulatory environment for issuing and managing municipal debt. As a result, state DOTs are facing a number of challenges in administering and managing their debt programs. These challenges include the following: (1) Implementing prudent and efficient financial management practices; (2) Determining the appropriate debt tool to use to meet financing needs; (3) Selecting the appropriate issuance method; (4) Selecting qualified advisors including bond counsel, financial advisors, investment bankers, and trustees, among others; (5) Maintaining an affordable level of debt; and (6) Complying with post issuance requirements. To overcome such challenges, state DOTs are looking for new approaches to build on and improve debt management policies and practices. NCHRP Synthesis 513: Evolving Debt Finance Practices for Surface Transportation revealed that, while there is significant research on general debt management policies, practices, and debt affordability measures, there is limited literature on these topics as they relate specifically to transportation debt. State DOTs can benefit from a consolidated source of information and guidance on effective debt management policies and practices. The objective of this study is to produce a guidebook and supporting material to help state DOTs develop and implement effective debt management policies and programs related to financing surface transportation facilities. The guidebook will focus on methods and procedures to improve the decision-making process for issuing debt while building effective policies and practices for overall debt program management. The primary audience for the guidebook will be state DOT financial managers, but it may also have relevance to elected officials, state DOT chief executive officers, and others providing technical assistance and oversight as it relates to state DOT financial management.
状态：	Active
资金：	300000
资助组织：	Federal Highway Administration
项目负责人：	Goldstein, Lawrence D
执行机构：	WSP USA
主要研究人员：	Macek, Nathan M
开始时间：	20180625
预计完成日期：	20191224
实际结束时间：	0