Grant Anticipation Revenue Vehicle (GARVEE) Bond Program
- GARVEE Fact Sheet
- GARVEE Guidelines
- Legislation-Government Code Sections 14550-14555.9
- Life-Cycle Benefit/Cost Evaluation
- California State Treasurer's Office - Analyses of GARVEE Bonding Capacity 2008
Government Code Section 14553.8 requires that consideration must be given, and a determination made, as to the appropriateness of the use of GARVEEs for proposed projects, in comparison to other funding mechanisms. GARVEE guidelines specify that the anticipated economic, safety, and other benefits of the project and its early construction will be included in considering and determining the appropriateness of GARVEE financing.
In making the determination, the Department utilizes the Life-Cycle Benefit/Cost Evaluation Model provided by the Department's Division of Transportation Planning, Office of Transportation Economics. A link to this model is provided above for your use.
For additional information, please contact Innovative Finance:
| Weijian Ni | Jeffrey Ingles |
| Innovative Finance Manager | Innovative Finance Manager |
| (916) 651-9539 | (916) 654-3099 |
| weijian_ni@dot.ca.gov | jeffrey_ingles@dot.ca.gov |