Highway Capital Improvements

Summary of the Highway Capital Improvements Program
A 1995 constitutional amendment authorizes the issuance of general obligation debt for highway construction. Although secured by the State's general obligation pledge, highway capital improvement debt is also secured by a pledge of and has always been paid from highway user receipts (including the motor vehicle fuel tax) that are constitutionally restricted in use to highway related purposes.

Highway Capital Improvements receives the highest credit ratings of the bonds issued through the Treasurer of State’s office.

Ohio Constitution, Article VIII, Section 2m

Link to the Ohio Department of Transportation

Links to Past Highway Capital Improvements Program Issues
Series G, 2002  ($135,000,000)
Series H, 2004  ($160,000,000)
Series I, 2005  ($140,000,000)
Series J, 2006  ($180,000,000)
Series K, 2007  ($190,000,000)
Series L, 2008  ($140,000,000)
Series M, 2010  ($170,000,000)
Series N, 2010  ($29,825,000)
Series O, 2010  ($145,175,000)
Series P, 2010  ($32,610,000)
Series Q, 2012 ($154,405,000)
Series R, 2014 ($249,005,000)
Series S, 2016 ($228,000,000)

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