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Title:

FINANCING A STATE ROAD SYSTEM WITH BONDS

Accession Number:

00200999

Record Type:

Component

Availability:

Transportation Research Board Business Office

500 Fifth Street, NW
Washington, DC 20001 United States

Abstract:

THE SOUNDNESS OF THE VARIOUS PLANS FOR FINANCING STATE HIGHWAY PROGRAMS ARE CONSIDERED. FINANCING METHODS IN WHICH THE MOTOR VEHICLE OWNER WOULD BEAR THE BURDEN WERE DISCUSSED. NO INVESTMENT IN A PUBLIC UTILITY IS JUSTIFIED FROM AN ECONOMIC STANDPOINT UNLESS THE SAVING EXCEEDS THE INTEREST CHARGE. CONDITIONS ARE SOUGHT WHICH PERMIT MINIMUM UNIT COST OF TRANSPORTATION. ITEMS ENTERING INTO THE UNIT COST AND THEIR INTERRELATION ARE EXPLAINED. IT IS CHEAPER TO PAY INTEREST ON A BOND ISSUE THAN TO PAY THE EXCESS COST OF OPERATING MOTOR VEHICLES OVER UNIMPROVED ROADS.

Supplemental Notes:

Vol 8, pp 68-72. 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 #:

01490390

Authors:

Cutler, T H

Editors:

Crum, Roy W

Publication Date:

1929

Serial:

Highway Research Board Proceedings

Volume: 8
Publisher: Highway Research Board

Media Type:

Digital/other

Old TRIS Terms:

Subject Areas:

Economics; Finance; Transportation (General)

Files:

TRIS, TRB

Created Date:

Jul 18 1971 12:00AM

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