The first sale of federal Grant Anticipation Revenue Vehicle
bonds was held in March 2000 for $175 million.
New York: Fitch Ratings has affirmed the ratings for the following standalone grant anticipation revenue vehicle
In Alabama, GARVEE (grant anticipation revenue vehicle
) bonds were used to finance the replacement or repair of 1,300 county bridges, many of which were in such bad shape that it was unsafe for school buses to cross them.
The new law has a provision called a Grant Anticipation Revenue Vehicle
(GARVEE) that allows states to borrow against future federal entitlements through bond issues to speed up work on highways.
grant anticipation revenue vehicles
(GARVEE) bonds criteria.
CIFS offers expertise on a variety of innovative finance options, including Grant Anticipation Revenue Vehicles
(GARVEEs), State infrastructure banks, revenue tools, and public-private partnerships.
According to Bouchard, the federal government also allows states to borrow against any anticipated federal highway grants through the use of grant anticipation revenue vehicles
, or GARVEE, bonds.
"Grant Anticipation Revenue Vehicles
: An Option to Finance Transportation Projects"
Grant anticipation revenue vehicles
(GARVEEs) allow states to issue bonds secured with the pledge of future federal aid funds.
The center provides assistance with many highway financing options, including Grant Anticipation Revenue Vehicles
(GARVEEs), State infrastructure banks, tolling, and pricing, among others.