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Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers: The project sponsor is the New Hampshire Department of Transportation.
Direct Cash Support: Annual Highway Appropriations, State Highway Funds, and Turnpike Toll Credits are being used as funding sources.
Credit Enhancements: Credit sources of funding for the project include: GARVEE bonds ($195 million) and Motor Fuel Tax Revenue Bonds. The initial $80 million of the GARVEE bond transaction was issued in November of 2010. $20 million were issued as a Series A “Build America Bonds” under the American Recovery and Reinvestment Act (ARRA) of 2009 and will receive subsidy payments from the US Treasury equal to 35% of the taxable interest the state pays on them. The remaining $60 million are a Series B bond issued as a “Recovery Zone Economic Development Bond” under the ARRA and will receive payments from the Treasury equal to 45% of the taxable interest paid by the state.