Filtering by
- All Subjects: Grand Canyon National Park (Ariz.)
- All Subjects: Roads--Finance
- Creators: Battelle Memorial Institute. Technology Partnership Practice
- Creators: Arizona Republic
This plan was undertaken by the Arizona Department of Transportation Multimodal Planning Division Aeronautics Group to evaluate and recommend a terminal area layout to meet anticipated terminal area demands.
The Arizona Department of Transportation was authorized in 1996 to administer a State Infrastructure Bank under a cooperative agreement with the Federal Highway Administration. The Highway Expansion and Extension Loan Program (HELP) was established. The financial statements present only the funds comprising the Fund and are not intended to present fairly the financial position or results of operations of the Department.
The HELP program is meant to be a funding tool to accelerate needed highway projects throughout the state. Board Funding Obligations are an important part of the HELP capitalization and the current stress on the State's General Fund has impacted our ability to use BFOs as a funding source for new loans. Though $140 million of BFOs are authorized by statute to capitalize the HELP, the State Treasurer was required to call all outstanding BFOs in April 2009. Consequently, the State Transportation Board and the Department have suspended the HELP program given the uncertainty of a long term funding source.
Cooperative National Park Resources Studies Unit for University of Arizona, effects on Glen Canyon Dam releases on Grand Canyon River trips, a technical report, vol. no. 16.
Projected transportation revenues fall short of estimated needs and the Arizona Legislature should consider a task force to study options for addressing transportation revenue needs.