Utah's State Infrastructur Bank (Experience & Perspectives)

448 views

Published on

The presentation was given at the FHWA Regional Technical Workshop.

Published in: Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
448
On SlideShare
0
From Embeds
0
Number of Embeds
63
Actions
Shares
0
Downloads
4
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Utah's State Infrastructur Bank (Experience & Perspectives)

  1. 1. FHWA Regional Technical Workshop Utah’s State Infrastructure Bank (Experience & Perspectives) New Orleans Louisiana August 10, 2011
  2. 2. Utah’s State Infrastructure Bank• Authority Granted by The Utah State Legislature• Administrative Rule Adopted• Guidelines Developed
  3. 3. Utah’s State Infrastructure Bank• Authority Granted by The Utah State Legislature – Transportation Infrastructure Loan Fund: – 72-2-201 Definitions – 72-2-202 Transportation Infrastructure Loan Fund -- Creation -- Use of money. – 72-2-203 Loans and assistance -- Authority -- Rulemaking. – 72-2-204 Loan program procedures -- Repayment. – 72-2-205 Loan contracts of state agencies. – 72-2-206 Department authority to contract.• Web Link: • http://le.utah.gov/UtahCode/section.jsp?code=72-2
  4. 4. Utah’s State Infrastructure Bank• Administrative Rule R940-3 Procedures for Transportation Infrastructure Loan Fund Assistance. – R940-3-1 Purpose and Authority – R940-3-2 Definitions – R940-3-2 Commission Responsibilities – R940-3-2 Conditions for Assistance or Loans• Web Link: • http://www.rules.utah.gov/publicat/code/r940/r940-003.htm#T3
  5. 5. Utah’s State Infrastructure Bank• State Infrastructure Bank Loan Fund Guidelines (Transportation Commission Approving Body) – No one entity can barrow more the 25% of the fund – Fix Rate, Tied to the State of Utah Bonding Rate and Loan Term – Prioritization Criteria
  6. 6. Utah’s State Infrastructure Bank• Completed SIB Loan: Logan City, Utah Payment Date Principle Interest Total Payment Balance January 15, 2007 $18,063 $18,063 $850,000 July 15, 2007 $156,152 $18,063 $174,215 $693,848 January 15, 2008 $14,744 $14,744 $693,848 July 15, 2008 $162,788 $14,744 $177,532 $531,060 January 15, 2009 $11,285 $11,285 $531,060 July 15, 2009 $169,706 $11,285 $180,991 $361,354 January 15, 2010 $7,679 $7,679 $361,354 July 15, 2010 $176,919 $7,679 $184,598 $184,435 January 15, 2011 $3,919 $3,919 $184,435 July 15, 2011 $184,435 $3,919 $188,354 0
  7. 7. Utah’s State Infrastructure Bank• Completed SIB Loan: Logan City, Utah Payment Date Principle Interest Total Payment Balance January 15, 2007 $18,063 $18,063 $850,000 July 15, 2007 $156,152 $18,063 $174,215 $693,848 January 15, 2008 $14,744 $14,744 $693,848 July 15, 2008 $162,788 $14,744 $177,532 $531,060 January 15, 2009 $11,285 $11,285 $531,060 July 15, 2009 $169,706 $11,285 $180,991 $361,354 January 15, 2010 $7,679 $7,679 $361,354 July 15, 2010 $176,919 $7,679 $184,598 $184,435 January 15, 2011 $3,919 $3,919 $184,435 July 15, 2011 $184,435 $3,919 $188,354 0
  8. 8. Utah’s State Infrastructure Bank• Completed SIB Loan: Logan City, Utah Payment Date Principle Interest Total Payment Balance January 15, 2007 $18,063 $18,063 $850,000 July 15, 2007 $156,152 $18,063 $174,215 $693,848 January 15, 2008 $14,744 $14,744 $693,848 July 15, 2008 $162,788 $14,744 $177,532 $531,060 January 15, 2009 $11,285 $11,285 $531,060 July 15, 2009 $169,706 $11,285 $180,991 $361,354 January 15, 2010 $7,679 $7,679 $361,354 July 15, 2010 $176,919 $7,679 $184,598 $184,435 January 15, 2011 $3,919 $3,919 $184,435 July 15, 2011 $184,435 $3,919 $188,354 0
  9. 9. Utah’s State Infrastructure Bank• Completed SIB Loan: Logan City, Utah Payment Date Principle Interest Total Payment Balance January 15, 2007 $18,063 $18,063 $850,000 July 15, 2007 $156,152 $18,063 $174,215 $693,848 January 15, 2008 $14,744 $14,744 $693,848 July 15, 2008 $162,788 $14,744 $177,532 $531,060 January 15, 2009 $11,285 $11,285 $531,060 July 15, 2009 $169,706 $11,285 $180,991 $361,354 January 15, 2010 $7,679 $7,679 $361,354 July 15, 2010 $176,919 $7,679 $184,598 $184,435 January 15, 2011 $3,919 $3,919 $184,435 July 15, 2011 $184,435 $3,919 $188,354 0
  10. 10. Utah’s State Infrastructure Bank• Completed SIB Loan: Logan City, Utah Payment Date Principle Interest Total Payment Balance January 15, 2007 $18,063 $18,063 $850,000 July 15, 2007 $156,152 $18,063 $174,215 $693,848 January 15, 2008 $14,744 $14,744 $693,848 July 15, 2008 $162,788 $14,744 $177,532 $531,060 January 15, 2009 $11,285 $11,285 $531,060 July 15, 2009 $169,706 $11,285 $180,991 $361,354 January 15, 2010 $7,679 $7,679 $361,354 July 15, 2010 $176,919 $7,679 $184,598 $184,435 January 15, 2011 $3,919 $3,919 $184,435 July 15, 2011 $184,435 $3,919 $188,354 0
  11. 11. Utah’s State Infrastructure Bank• Completed SIB Loan: Logan City, Utah January 9, 2007 $18,063 July 27, 2007 174,215 January 31, 2008 14,744 August 18, 2008 708,592 Total Amount Paid $915,614 Original Loan = $850,000 Additional Funding Into The SIB from Interest = $65,614
  12. 12. Utah’s State Infrastructure Bank• Active SIB Loan: St. George City – Loan Agreement Loan Amount 3,726,924 Interest Rate 2.75% Total # of Periods 5 Payment per Period $ 807,990.86 Total Interest Paid $ 313,030.31
  13. 13. Utah’s State Infrastructure Bank • Active SIB Loan: St. George City, Utah – Amortization Schedule Payment Cumulative PrincipalPeriod Amount Interest Interest Principal Paid Balance $ 3,726,924.00 1 807,990.86 102,490.41 102,490.41 705,500.45 705,500.45 3,021,423.55 2 807,990.86 83,089.15 185,579.56 724,901.72 1,430,402.17 2,296,521.83 3 807,990.86 63,154.35 248,733.91 744,836.51 2,175,238.68 1,551,685.32 4 807,990.86 42,671.35 291,405.25 765,319.52 2,940,558.20 786,365.80 5 807,990.86 21,625.06 313,030.31 786,365.80 3,726,924.00 0.00
  14. 14. Utah State Infrastructure Bank (Balance History)$4.5M$4.0M$3.5M$3.0M$2.5M$2.0M$1.5M$1.0M$0.5M$0.0M 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015-$0.5M Actual Balance Projected Balance
  15. 15. Utah State Infrastructure Bank (Balance History)$4.5M$4.0M$3.5M$3.0M$2.5M$2.0M$1.5M$1.0M$0.5M$0.0M 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015-$0.5M Actual Balance Projected Balance
  16. 16. Utah State Infrastructure Bank (Balance History)$4.5M$4.0M$3.5M$3.0M$2.5M$2.0M$1.5M$1.0M$0.5M$0.0M 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015-$0.5M Actual Balance Projected Balance
  17. 17. Utah State Infrastructure Bank (Balance History)$4.5M$4.0M$3.5M$3.0M$2.5M$2.0M$1.5M$1.0M$0.5M$0.0M 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015-$0.5M Actual Balance Projected Balance
  18. 18. Utah State Infrastructure Bank (Balance History) Projected Balance$4.5M$4.0M$3.5M$3.0M$2.5M$2.0M$1.5M$1.0M$0.5M$0.0M 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015-$0.5M Actual Balance Projected Balance
  19. 19. FHWA Regional Technical Workshop Questions? New Orleans Louisiana August 10, 2011

×