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Title:

ALTERNATIVE ROADWAY FINANCING METHODS: NATIONAL EXAMPLES AND RECENT EXPERIENCES IN TEXAS

Accession Number:

00474219

Record Type:

Component

Availability:

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Order URL: http://worldcat.org/isbn/030904071X

Abstract:

Methods of financing roadway improvements have undergone significant changes since the early 1970s. For a variety of reasons, traditional sources of highway revenues have not kept pace with transportation needs. Alternative financing methods that have been implemented in various areas of the country are reviewed. The Texas legislature recently passed two new approaches for state and local highway finance: transportation corporations and road utility districts (RUDs). Transportation corporations provide private land owners and developers an opportunity to expedite highway projects by conducting preliminary engineering studies and accepting right-of-way donations. RUDs, which are similar to municipal utility districts, are given the authority to issue bonds supported by property tax levies for local roads. These two methods provide an alternative infrastructure for the development of transportation projects and give state and local agencies additional sources for revenues.

Supplemental Notes:

Publication of this paper sponsored by Committee on Taxation. Finance, and Pricing. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved

Monograph Accession #:

01418787

Authors:

Euritt, Mark A
Walton, C Michael

Pagination:

pp 13-17

Publication Date:

1986

Serial:

Transportation Research Record

Issue Number: 1077
Publisher: Transportation Research Board
ISSN: 0361-1981

ISBN:

030904071X

Media Type:

Print

Features:

Figures (2) ; References (8) ; Tables (2)

Uncontrolled Terms:

Financial sources

Geographic Terms:

Texas

Old TRIS Terms:

Texas

Subject Areas:

Administration and Management; Finance; Transportation (General); I10: Economics and Administration

Files:

TRIS, TRB

Created Date:

Oct 31 1987 12:00AM

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