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Infrastructure Finance: Does Your State Encourage Innovation?
Not all states are equal when it comes to encouraging the use of innovative infrastructure finance alternatives, according to a new study by researchers at the National Conference of State Legislatures (NCSL). The study, which looks at state enabling authority for 12 infrastructure financing tools, is the focus of a new publication from the NAHB, “Infrastructure Finance: Does your state encourage innovation?”
The study examines state authorization of 12 key infrastructure financing tools, including:
- Community Development Districts
- Certificates of Participation
- Design-Build
- Electronic Road Pricing
- GARVEE Bonds
- Partnership Schools
- State Infrastructure Banks
- Small-Scale Water and Wastewater Systems
- Special Districts
- State Revolving Loan Funds
- Tax-Exempt Municipal Lease Financing
- Tax Increment Financing
Click here to see which of these tools are specifically authorized for use in your state.
The main body of NCSL’s research – examples of existing statutes with citations and summary analysis – can be found online at www.nahb.org/infrastructuretools.
The study was funded jointly by the NAHB, National Council of the Housing Industry, National Association of REALTORS, National Association of Industrial and Office Properties, National Apartment Association, and International Council of Shopping Centers.
This study is the second infrastructure finance resource in a three part series. The first, “Building for Tomorrow: Innovative Infrastructure Solutions,” explains more than 20 infrastructure financing tools and delivery mechanisms. Published in 2003, it also includes case studies detailing the successful application of these financing tools. The third installment in the series is scheduled for release next spring. That resource will be an infrastructure finance tool box, which will provide step-by-step instructions on how to use various innovative alternatives.
For more information on the resources or infrastructure financing tools, e-mail Keyvan Izadi in NAHB’s Land Development department, or call him at 800-368-5242 x8469.
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