Developed by the Texas Transportation Institute and the Texas Department of Transportation
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| 2.12 Bond Finance Variables
The first question in this sections asks, “Do you want to issue Proposition 12 bonds? (Yes or No.)” The default answer is “No”. Proposition 12 bonds were authorized to give up to$5 billion in general obligation bonds (bonds supported using general revenue rather than fuel tax revenues) to be spent for transportation projects.8 (see below (Detailed information about Proposition 12 bonds can be found by clicking here.) 
If you select “Yes,” a new set of options appear. Next, the TRENDS model will then ask you the Proposition 12 amount in billions of dollars you wish to issue. For decimal values less than 1, you will need to enter a preceding “0”. Next, the model will ask for the number of years in which you expect to receive Proposition 12 proceeds. The smallest number of years you can enter for this question is 3. Finally, the TRENDS model will ask you for the first year in which you wish to receive Proposition 12 proceeds. (see below) 
The TRENDS model then will ask “Do you want is issue Proposition 14 Bonds? (Yes or No).” The default answer is “No.” Proposition 14 bonds can be issued by state transportation agencies to fund transportation-related projects. These bonds are short term and are secured by the state highway fund. These bonds are intended to help address short-term cash flow shortfalls for TxDOT and to accelerate transportation project financing.9 (see below) A detailed description about Proposition 14 bonds can be found by clicking here. If you select “Yes,” a new set of options appear. Next, the TRENDS model will then ask you the Proposition 14 bond amount in billions of dollars you wish to issue. For decimal values less than 1, you will need to enter a preceding “0”. Next, the model will ask for the number of years in which you expect to receive Proposition 14 proceeds. The smallest number of years you can enter in this space is 3. The TRENDS model will then ask you for the first year in which you wish to receive Proposition 14 proceeds. Finally, you will be asked for the year in which you expect to begin paying back Proposition 14 bonds. (see below) 
After you are finished filling out the responses on this page, click on “Continue” to move to the next set of questions. Directory: data data -> Iea shcp/pvps working Group on pv/t solar Systems data -> Jaeyong song data -> By Fel (aka James Galloway) Table of Contents Chapter 1 data -> Vitaly Goldshteyn data -> Hurricane Katrina, a climatological Perspective October 2005, Updated August 2006 Introduction data -> 1997 Atlantic Tropical Storms data -> Introduction data -> The Impact of Saharan dust aerosols on tropical cyclones using wrf-chem: Model framework and satellite data constraint technique data -> Earth-Atmosphere Interactions: Tropical Storm and Hurricane Activity in the Caribbean and Consequent Health Impacts data -> Meeting Of September 16, 2010 today’s meeting Download 5.84 Mb. Share with your friends:
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