State Infrastructure Banks: A Mechanism to Expand Federal Transportation Financing
RCED-97-9
Published: Oct 31, 1996. Publicly Released: Oct 31, 1996.
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Highlights
Pursuant to a congressional request, GAO reviewed states' interest in establishing state infrastructure banks (SIB), focusing on the: (1) extent of states' interest in the SIB pilot program and how states might use SIB; and (2) benefits and barriers to states using SIB.
Recommendations
Matter for Congressional Consideration
| Matter | Status | Comments |
|---|---|---|
| Congress may wish to consider postponing the due date for the DOT report on the financial condition of SIB in the pilot program to a date later than March 1, 1997. | The 105th Congress did not take action to postpone the required date of DOT's state infrastructure bank report, and DOT provided this report to the Congress in June 1997. |
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Topics
Bank loansCapitalCreditFederal aid for highwaysIntergovernmental fiscal relationsRevolving fundsRoad constructionState-administered programsTransportation infrastructurePublic roads or highways