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.

The purpose of the Verde Valley Multimodal Transportation Study is to develop a long-range regional transportation plan to guide the implementation of transportation improvements on the roads of regional significance in the Verde Valley, including I-17, State Routes, and roads on the County Regional Road System. This Study is an update of the 1999 Verde Valley Transportation Study Update.

Through the Planning Assistance for Rural Areas program, the Arizona Department of Transportation and the City of Yuma cooperatively conducted the Yuma Expressway Corridor Study to develop a preliminary assessment and feasibility of a proposed corridor alignment along the south and western portions of the City of Yuma. Improvements to this corridor would benefit the region by addressing a number of different customers traveling around and through the region.