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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
Washington, DC 20001 United States

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 Accession #:

01490390

Authors:

Donaghey, J T

Editors:

Crum, Roy W

Publication Date:

1929

Serial:

Highway Research Board Proceedings

Volume: 8
Publisher: Highway Research Board

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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