Pass-through financing is a tool the state created to stretch already limited tax highway dollars and to allow local communities to fund upfront costs for constructing a state highway project. The state then reimburses a portion of the project cost to the community over time by paying a fee for each vehicle that drives on the new highway. Projects must be on the state highway system to be eligible to be developed under this program.

Updates

On December 17, 2009, The Texas Transportation Commission gave final approval for 4 projects estimated at $56 million to be funded through pass-through financing.
On October 29, 2009, the Commission approved 7 projects, estimated at $193 million, to be funded by pass-through financing.
On September 24, 2009, the Commission approved for negotiation the selection of 10 projects around the state to be funded by $273 million in pass-through financing. The final total program call amount is subject to negotiations between the department and the local entities with respect to the actual reimbursement schedules developed as part of the individual pass-through agreements.

Timeline

Date	Information
02/26/09	Commission authorizes TxDOT to solicit and accept submissions for pass-through projects
03/13/09	Program call published in the Texas Register
05/12/09	Deadline for submitting proposals
09/24/09	Commission selects 10 projects and gives approval to negotiate for $273 million in pass-through financing
10/29/09	Commission selects 7 projects for $193 in pass-through financing.
12/17/09	Commission selects 4 projects estimated at $56 million for pass-through financing.

More Information

Date	Title	Format
02/09	TxDOT: Open for Business - Pass-Through Financing
02/09	Application Guidelines for Pass-Through Financing of Highway Projects
02/09	Pass-Through Toll Finance Program Call Published in Texas Register
09/24/09	Program Call - Projects Approved for Negotiation
11/09	Pass-Through Financing: Public and Private Sector Options