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Stimulating Nevada's Highway Infrastructure and the Use of Debt Financing Instruments
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This paper assesses Nevada’s Highway Infrastructure and the role of financial instruments in developing Nevada’s Highway Infrastructure. As Americas’ single greatest asset necessary for every aspect of the U.S. economy infrastructure provides a new standard to that allows resources for the future. Examples of infrastructure in Nevada that are deficient are roads, bridges, and drinking water. In America, we have bonds that help develop infrastructure and safe investments backed by federal aid programs. Grant Anticipated Revenue Vehicle Bonds or GARVEE Bonds are tax-exempt debt financing tools that are backed by annual federal appropriations for federal aid transportation projects. The State of Nevada should enact the use these bonds, and other programs similar under the Transportation Infrastructure Finance and Innovation Act. The significance of this thesis is to locate safe investment opportunities for growth and development in the Nevada, while bringing our infrastructure to the necessary capabilities needed for our growing population.