Major New State Infrastructure (GARVEE) Program

Summary of the GARVEE Program
The Treasurer of State issues Grant Anticipation Revenue Vehicle (or GARVEE) bonds for the Ohio Department of Transportation for selected highway construction projects that have been approved by the U.S. Department of Transportation. The debt service charges are secured by and paid from federal transportation funds allocated to the state.

Authority
Ohio Revised Code, Section 5531.10 (B)

Link to the Ohio Department of Transportation
www.dot.state.oh.us 

Links to Past GARVEE Program Issues

Series 1998  ($70,000,000) 
Series 1999  ($20,000,000)  
Series 2001  ($100,000,000)
Series 2002  ($135,000,000)
Series 2003  ($113,765,000)
Series 2005  ($99,270,000)
Series 2006  ($180,000,000)
Series 2007  ($210,000,000)
Series 2008  ($375,000,000)
Series 2010-1  ($78,185,000)
Series 2010-2  ($136,815,000)
Series 2010-3  ($184,000,000)
Series 2010-4  ($46,000,000)
Series 2012-1 ($183,530,000)
Series 2014-1A ($155,875,000)
Series 2014-1B ($62,265,000)





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