Highway Expansion and Extension Loan Program Annual Report for FY 1998
December 1, 1998
The Honorable Jane Dee Hull Governor, State of Arizona The Honorable Brenda Burns President, Arizona State Senate The Honorable Jeff Groscost Speaker, House of Representatives Members of the Legislature, and Citizens of the State of Arizona In accordance with the requirements of HB 2488, I am pleased to transmit the 1998 Annual Report of the Highway Expansion and Extension Loan Program Advisory Committee. This is the first annual report for the Committee which was established under the provisions of HB 2488, effective August 21, 1998. This significant legislation established a new program of financial assistance for highway projects in Arizona through a revolving loan mechanism. This innovative financing approach will enhance funding for transportation, generate economic benefits, and enable the State to better meet its highway infrastructure needs. The Committee looks forwar
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