GARVEE

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Acronym	Definition
GARVEE	Grant Anticipated Revenue Vehicle (debt financing instruments for state highways)

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? References in periodicals archive
Palmer, a spokesman for Schwarzenegger's Department of Finance, noted that the governor did try to keep some money flowing for transportation by approving the issuing of $800 million in GARVEE bonds - a device formally known as a grant anticipation revenue vehicle - which allow the state to borrow against future federal highway funds. DEAD END FOR PROJECTS? TRANSPORTATION PLANS SWIPED BY BUDGET COULD ... by Daily News (Los Angeles, CA) The state has instituted a long-range debt planning process which foresees steady growth in debt over six years, largely GOs along with GARVEE bonds, first issued earlier this year. Fitch Rates $300MM State of Georgia GO VRDBs 'AAA/F1+' by Business Wire 5% in 1994, but has risen, primarily due to GARVEE issuance for transportation projects. Fitch Rates Rhode Island's $98MM GOs 'AA' by Business Wire More results

? References in periodicals archive

Palmer, a spokesman for Schwarzenegger's Department of Finance, noted that the governor did try to keep some money flowing for transportation by approving the issuing of $800 million in GARVEE bonds - a device formally known as a grant anticipation revenue vehicle - which allow the state to borrow against future federal highway funds.

DEAD END FOR PROJECTS? TRANSPORTATION PLANS SWIPED BY BUDGET COULD ... by Daily News (Los Angeles, CA)

The state has instituted a long-range debt planning process which foresees steady growth in debt over six years, largely GOs along with GARVEE bonds, first issued earlier this year.

Fitch Rates $300MM State of Georgia GO VRDBs 'AAA/F1+' by Business Wire

5% in 1994, but has risen, primarily due to GARVEE issuance for transportation projects.

Fitch Rates Rhode Island's $98MM GOs 'AA' by Business Wire

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