FINANCING A STATE ROAD SYSTEM WITH BONDS

THE SOUNDNESS OF THE VARIOUS PLANS FOR FINANCING STATE HIGHWAY PROGRAMS ARE CONSIDERED. FINANCING METHODS IN WHICH THE MOTOR VEHICLE OWNER WOULD BEAR THE BURDEN WERE DISCUSSED. NO INVESTMENT IN A PUBLIC UTILITY IS JUSTIFIED FROM AN ECONOMIC STANDPOINT UNLESS THE SAVING EXCEEDS THE INTEREST CHARGE. CONDITIONS ARE SOUGHT WHICH PERMIT MINIMUM UNIT COST OF TRANSPORTATION. ITEMS ENTERING INTO THE UNIT COST AND THEIR INTERRELATION ARE EXPLAINED. IT IS CHEAPER TO PAY INTEREST ON A BOND ISSUE THAN TO PAY THE EXCESS COST OF OPERATING MOTOR VEHICLES OVER UNIMPROVED ROADS.

  • Supplemental Notes:
    • Vol 8, pp 68-72
  • Authors:
    • Cutler, T H
  • Publication Date: 1929

Media Info

  • Monograph Title: Proceedings of the Eighth Annual Meeting of the Highway Research Board Held at Washington, D.C. December 13-14, 1928
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00200999
  • Record Type: Publication
  • Files: TRIS, TRB
  • Created Date: Jul 18 1971 12:00AM