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.
Pass-Through Finance 2011 Program Call
On May 26, 2011, the Texas Transportation Commission approved 14 proposals representing 17 construction projects to move forward with negotiations. The requested reimbursement amount from the approved entities is approximately $173 million.
Between Dec. 31, 2010, and March 1, 2011, TxDOT accepted proposal submissions for pass-through finance projects from both public and private entities according to the terms of the Texas Register notice, the minute order and the rules.