The number of high-value projects in a state is another good measure of the amount of faith the government has in PPP finance for its highways. Instead of measuring a state's embracement of PPPs in terms of number of projects adopted, counting only the high-value projects identifies the states that have demonstrated willingness to shoulder a large amount of risk in each PPP agreement. Interestingly, when projects costing less than $53 million are removed, states with numerous low-value PPPs, such as Texas, begin to appear more leery of private finance (AECOM Consult 2007). Accordingly, states whose legislation is more cautious toward the widespread adoption of PPPs begin to look bolder because the few projects undertaken have had high price tags.