Transportation Finance Sources: Look-up Table by Mode or Project Type
Finance Source Name / Jurisdictional Eligibility / Eligible Modes/Project Types **Roads / Bridges / Safety / Transit / Bike/Ped / Other
FINANCING MECHANISMS - AUTHORIZED BY STATE LAW
Street and Highway Improvement Bonds / All counties / / /
Community Facilities District / All counties / / / / /
Roads of Regional Significance Congestion Mitigation Account / All counties; project must be in TIP / / /
Regional Area Road Fund Bonds / Counties with established RARF / / / / / /
Public/Private Partnerships in Transportation * / All counties; in partnership with ADOT / / / / / /
Grant Anticipation Notes / Unclear if counties are eligible / / /
Highway Project Advancement Notes / All counties / / /
Highway Extension and Expansion Loan
Program / All counties / / /
FINANCING MECHANISMS - AUTHORIZED BY FEDERAL LAW
Transportation Infrastructure Finance and Innovation Act / All counties; project must be in STIP / / / / /
Grant Anticipation Revenue Vehicles / All counties; may need additional credit assistance or insurance / / / / / /
Transit Grant Anticipation Notes / Recipients of federal transit funding /
North American Development Bank / Counties with projects within 62 miles of an international border / / / / / /
OVERVIEW
A Guide to Arizona County Transportation Funding Options (May 2010) was developed as a reference tool that all Arizona counties can use to review available funding options for planning, design, construction, operation and maintenance of transportation improvement projects. Not every possible funding source is contained in the Guide, but in many cases, the sources identified can lead to other prospects. In addition to funding options, the Guide covers financing mechanisms, which consist primarily of borrowing and other methods to advance the construction of necessary infrastructure that might otherwise have to await accumulation of funds over many years. The Guide is organized into a series of fact sheets on individual funding options and financing mechanisms. The fact sheets provide a menu of funding sources for transportation improvements.
This pamphlet, Transportation Funding Options for Arizona Counties (June 2010), is a supplement to the Guide. The pamphlet provides handy look-up tables by mode or project type. We hope this will be a useful resource for Arizona Counties.
Both the Guide and the Pamphlet were produced for MCDOT with the assistance of AECOM.
FOOTNOTES
* Requires public vote
** Eligible Modes/Project Types:
Roads: Includes roadways, streets and highways
Bridges: Includes bridge construction or improvements
Safety: Includes safety improvements, roadway operations, Intelligent Transportation Systems (ITS), etc.
Transit: Includes public transit, ridesharing, etc.
Bike/Ped: Includes bicycle, pedestrian, and/or trail projects
Other: May include parking, signage, planning, research, education, etc. (Check specific sources for details.)
*** The project must be in response to a “Request for Proposal” or “Solicitation of Qualifications” from ADOT and will go through the department’s procurement process.