North Carolina Uses Cash Flow Financing for Pavement Preservation

2001PDFTech Reporthttps://www.mdt.mt.gov/publications/docs/brochures/research/toolbox/FHWA/nc.pdfFHWA-IF-02-008FinancingPavement maintenancePavements--North Carolina--Maintenance and repairCash flowUnited StatesUnited States. Federal Highway AdministrationUnited States. Federal Highway AdministrationFederal Highway AdministrationWhile 11th in the Nation in population, North Carolina has the second largest State-maintained road system at 78,000 miles, 14,616 miles of which are primary highways carrying 60% of the vehicle miles traveled in the State. A special provision of the State budget bill (SB1005) directs a portion of the State Highway Trust Fund's cash balance to be spent on pavement preservation efforts. This process of cash flow financing, also known as cash management, will enable the allocation of $150 million to $170 million each year for 3 years to North Carolina's 14 highway divisions for needed road work. This fact sheet provides some comments on how cash flow financing works for the North Carolina Department of Transportation.79