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Title: THE PAY-AS-YOU-GO PLAN OF HIGHWAY FINANCING
Accession Number: 00201000
Record Type: Component
Availability: Transportation Research Board Business Office 500 Fifth Street, NW Abstract: THE USE OF CURRENT FUNDS IS PREFERABLE TO A BOND ISSUE FOR ROAD CONSTRUCTION FOR THESE REASONS: (1) UNNECESSARY AND EXTRAVAGANT EXPENDITURES ARE OFTEN MADE WHEN LARGE SUMS OF MONEY ARE MADE AVAILABLE AT ONE TIME BY BORROWING, (2) THE SAME AMOUNT OF MONEY WILL PROVIDE 47 PER CENT MORE MILES OF ROAD PAYING AS YOU GO THAN IN THE FORM OF 20 YEAR SERIAL BONDS, AND (3) IT IS NOT SOUND POLICY TO BOND FOR PAVEMENT THAT CANNOT BE EXPECTED TO SERVE WELL BEYOND THE END OF THE BONDING PERIOD WITHOUT RESURFACING.
Supplemental Notes: Vol 8, pp 72-78. 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 Title: Monograph Accession #: 01490390
Authors: Donaghey, J TEditors: Crum, Roy WPublication Date: 1929
Serial:
Highway Research Board Proceedings
Volume: 8 Media Type: Digital/other
Uncontrolled Terms: Old TRIS Terms: Subject Areas: Economics; Finance; Highways; Society
Files: TRIS, TRB
Created Date: Jul 18 1971 12:00AM
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