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.
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:
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
Please call (512) 463-7667 with any questions.
|Limitations on Available SIB Funds||Percentage of SIB||Current Limit|
|Total of all loans paid with project revenues