The Texas Transportation Commission amended its State Infrastructure Bank (SIB) rules effective July 20, 2016, to more effectively manage the available funds in the State Infrastructure Bank. The executive director has developed guidelines for the processing of applications and the analysis and recommendations provided to the Commission.

First-Come, First-Served Application

A SIB loan under $10 million for work necessary for a TxDOT project is exempt from the program call, and each application will be reviewed on a first-come, first-served basis. One Commission approval will be required after final loan terms are negotiated.

• SIB First-Come, First-Served Application
  

Program Call Application

A SIB loan for a non-TxDOT project or SIB loan over $10 million will be prioritized against other applications in a Program Call. Two Commission approvals will be required:

• Prioritization and preliminary approval of complete applications
• Final approval of loan terms after negotiations are completed

Limitation for Program Call application: A SIB loan should not exceed 35% of the estimated total project cost, including capitalized interest. For a list of prioritization considerations, please see §6.32(c)(1) of the SIB Rules.

Next Program Call

• Application deadline: To be determined
  
• Available funds: To be determined
  
• SIB Program Call Application

Please call (512) 463-7667 with any questions.

Disbursement Schedule

The loan should be fully disbursed within three years:

• At least one-third disbursed within one year.
• At least two-thirds disbursed within two years.

Subordinate Lien on Revenues as Security

Limit for a subordinate lien pledge of revenues: The amount of the SIB loan should not be greater than the amount of any senior lien bonds for the project.

Borrower’s Certificate

As a requirement for closing a loan transaction and for disbursement of SIB funds, applicant should provide a certificate warranting that the proposed cash flow or revenues are eligible to be used to repay the loan and that the financial assistance will not violate any of the borrowing or bond commitments the borrower may have in place.

More Information

• SIB Frequently Asked Questions
• State Infrastructure Bank
• SIB Program Rules - Texas Administrative Code (Title 43, Part 1, Ch. 6)
• Economically Disadvantaged County Program
• Sept. 28, 2017, Minute Order Certifying Counties to Participate in Economically Disadvantaged Counties Program for Fiscal Year 2018