Budgeting and Appropriations | Biennial enactment of two 12-month budgets; fiscal year begins July 1. |
Bonding or Pay-as-You-Go | Combination of bonding and pay-as-you-go financing. |
State-Level Funding Provided for DOT Budgets | FY 2011 (approved): $345 million |
Allocation of Federal Transportation Funds to the DOT | Federal transportation funds are allocated to NDOT as a state legislative appropriation at the agency level or, when the Legislature is not in session, are approved by the Interim Finance Committee. |
Allocation of State Transportation Funds to the DOT | State transportation funds are allocated to NDOT as state legislative appropriations at the agency, program/category and project-specific levels. |
Traditional State Funding and Finance for Highways | Fuel taxes; motor vehicle/rental car sales taxes; vehicle registration/license/title fees; truck weight fees; general funds; interest income; general obligation bonds; revenue bonds. 2007 Nev. Stats., Chap. 344 requires counties with a population of 100,000 or more to allocate a portion of ad valorem tax for capital projects to the State Highway Fund. It also allocates a portion of recovery surcharge fees to that fund and requires the Las Vegas Convention and Visitors Authority to provide up to $300 million in bond funding to NDOT for Clark County Projects. |
State Funding and Finance for Other Modes | No state funds are allocated to transit or other modes. |
Innovative Transportation Funding and Finance | GARVEE bonds (authorized but not used as of 2009); federal credit assistance (TIFIA); PPPs (authorized in statute, used for at least one local project); design-build (authorized in statute, used as a component of at least two local projects); traffic camera fees; advance construction. NDOT uses soft match but not toll credits. |
Dedicated/Restricted State Funds and Revenues | The state constitution restricts the use of proceeds from any fuel tax or motor vehicle-related fee or charge-except any tax imposed upon vehicles in lieu of an ad valorem property tax-to the construction, maintenance and repair of public highways and administrative costs (Nev. Const. art. IX, §5). These revenues are deposited into the State Highway Fund, established by Nev. Rev. Stat. §408.235. This statute limits the costs of administration for the collection of any fuel tax to not more than 1 percent of the total proceeds collected. It also restricts the Department of Motor Vehicles' (not within NDOT) Highway Fund appropriations to not more than 22 percent of fund revenues, not including fuel tax, for funding administrative expenses. |
DOT Authorized to Retain Surplus Funds | Unspent appropriations-unless specifically eligible to carry forward to the second year within a biennium by approval of the Legislature-typically revert to their respective funds at the end of each fiscal year. Excess bond proceeds may be carried forward to future years relative to specific construction schedules for NDOT investment priorities. |
Legislative Approval Required to Move Funds Between Projects | No. NDOT's funding is established for each year of the biennium based on the authorized level of state Highway Funds, federal funds and bond proceeds to implement the state's capital construction priorities. However, NDOT retains authority within those legislatively approved funding levels to modify project-specific funding to maintain flexibility in its program and ensure approved investment priorities are implemented efficiently and effectively. |
Transportation Funding Allocations through Local Aid | The state allocates transportation funding to local entities by state legislative appropriation. |