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Transformational Technologies



TRB Webinar: Debt Finance Practices for Surface Transportation: Current Issues and Research Needs
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TRB Webinar: Debt Finance Practices for Surface Transportation: Current Issues and Research Needs

TRB conducted a webinar on April 2, 2015, from 2:00pm to 4:00pm ET that explored a variety of policy issues related to the issuance and management of debt for surface transportation projects. The extent to which debt financing is used by states for transportation projects is being considered by policy makers and the private sector. Decision makers must weigh pay-as-you-go financing versus debt financing within the framework of determining the most appropriate public policy. The research and guidance issued on debt issuance for surface transportation projects has been limited.

This webinar was organized by the TRB Standing Committee on Revenue and Finance.

A certificate for two Professional Development Hours (PDHs) will be provided to attendees who register and attend the webinar as an individual. This webinar has been approved by the American Institute of Certified Planners for two Certification Maintenance Credits. Contact Reggie Gillum at RGillum@nas.edu for instructions on receiving a copy of the recorded webinar.


Webinar Presenters
  • Lowell Clary, Clary Consulting
  • Tom Rousakis, Ernst and Young Infrastructure Advisors
  • Lisa Danka, Arizona Department of Transportation
  • Tamar Henkin, High Street Consulting
  • Eric Kim, Fitch Ratings
  • Frederick Werner, U.S. Federal Highway Administration
Moderated by: Lowell Clary, Clary Consulting


Webinar Outline
  • PART 1: Introduction and purpose of webinar
  • PART 2: Background information
  • PART 3: Setting the stage (discussion of current state departments of transportation debt management practices)
  • PART 4: Policy issues associated with debt financing tools
  • PART 5: Policy issues from a debt rating agency perspective
  • PART 6: Policy issues from a Federal Highway Administration perspective
  • PART 7: Question and answer session

The first 90 minutes of the webinar will be for presentations and the final 30 minutes will be reserved for audience questions. The Registered Continuing Education Program (RCEP) categorizes this webinar activity as relating to health, safety, and welfare including core technical.


Learning Objectives
At the end of this webinar, participants will be able to:
  • Expand the knowledge base of current state departments of transportation debt finance practices;
  • Identify the issues of pay-as-you-go financing versus debt financing;
  • Explain the issues relating to the sustainability of debt;
  • Discuss other issues associated with the issuance of debt for surface transportation purposes; and
  • Identify high priority research needs as a basis for developing future NCHRP studies or calls for papers.

Registration Information

There is no fee for employees of TRB Sponsors or TRB Sustaining Affiliates who register using their work email address. In addition to employees of TRB sponsor organizations, the following are eligible to receive complimentary webinar registration:
  • TRB and National Academies employees;
  • Chairs of TRB standing committees, sections, or groups;
  • Members of the media;
  • Employees of tribal governments; and
  • Members of Congress or their staff.

Other sites must pay $89 per site. View our pricing page for details.

After registering you will receive a confirmation email containing information about joining the webinar.


Professional Development Hour Information
A certificate for two Professional Development Hours (PDHs) will be provided to Professional Engineers (PEs) who register and attend the webinar as an individual. For groups, only the person that registers and attends the session will receive a PDH certificate.
Individuals registered as Florida PEs are required to email Reggie Gillum, RGillum@nas.edu, with their license number.

Please check with your licensing board to ensure that TRB webinar PDHs are approved by your board.

This webinar was developed in February 2015. TRB has met the standards and requirements of the Registered Continuing Education Program (RCEP). Credit earned on completion of this program will be reported to RCEP by TRB. Certificates of Completion will be issued to individuals who register for and attend the entire webinar session. Complaints about registered providers may be sent to RCEP, 1015 15th Street, NW, 8th Floor, Washington, DC 20005. Website: www.RCEP.net.


American Institute of Certified Planners Certification Maintenance Credits
This webinar has been approved by the American Institute of Certified Planners for two Certification Maintenance Credits. Please make sure that you register for this session and log-in using the link that TRB provides to your email account. We use this as your record that you attended this session. TRB only maintains the records of attendees who use their email address to log into the webinar, and cannot verify attendance of individuals who view the webinar without personally logging into the session.

To report your CM credits, visit www.planning.org/cm
1. Login using your ID# and password
2. Select My CM log
3. Select Add Credits
4. Under Browse you have the option of searching by Date, Provider, or Distance Education and using the search box to type in the name of the event or activity and clicking go
5. A pop-up box will appear. If this is a multi-part event you will have the option to select from a list of activities
6. Please rate, add a comment (optional), and click on the Ethics statement and answer
7. Click submit and the CM credits should appear in your CM log

If you have problems reporting your CM credits or have general questions about the CM program, please contact AICPCM@planning.org.

Registration questions? Contact Reggie Gillum at RGillum@nas.edu.


E-Newsletter Type: TRB News    


This Summary Last Modified On: 4/10/2015
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