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Title:  (SR250) Grant Anticipation Revenue Vehicle (GARVEE) Bonds 101
Date/Time:  5/3/2012 1:30 PM - 3:30 PM Eastern Time
Description:  The provision of Section 122 of Title 23, U.S.C., GARVEEs permit States to pay debt service and other bond-related expenses with future Federal-aid highway apportionments. GARVEEs provide the opportunity to leverage Federal-aid highway funds to accommodate major projects that might preempt a State's capital program or to advance phases of various statewide projects by composite issuance. As of September 30, 2011, 25 States and 2 territories had issued $15 billion in GARVEEs since enactment of the National Highway System Act in 1995. This Webinar will help FHWA staff understand GARVEEs-the fundamentals, advantages, and disadvantages of this debt-financing tool-and will enable staff to provide better guidance to State and local partners.
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