5.  OPTIONS FOR LEGISLATURES TO RAISE MORE MONEY OR LEVERAGE EXISTING RESOURCES

State legislatures have many options for obtaining new revenue for transportation or lever-aging existing funding resources. These options can be grouped into four categories: mechanisms to collect new revenue, procurement tools that can be used to save money or accelerate projects, bonds and financing tools, and tools that facilitate state and federal cooperation. Each mechanism has potential advantages and disadvantages for states. This chapter captures the most common funding options used by states.

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