State Infrastructure Banks (SIBs)
A SIB is a revolving fund that operates much like a private
bank, offering a range of loans and credit assistance
enhancement products to certain projects. As loans or
other credit assistance forms are repaid, initial capital
for a SIB is replenished and recycled to support a new
cycle of projects. Operated by state DOTs, SIBs may
be capitalized with Federal or state funds. States must
pass enabling legislation in order to establish a SIB,
and those receiving Federal funding also require a cooperative
agreement with USDOT. Federal SIBs allow states to leverage
Federal resources by attracting other public and private
investment. A number of states have also established
SIBs capitalized solely with state funding. Projects
funded by these state SIBs do not have to meet the Federal
requirements associated with Federal-aid projects. The
following list identifies states with Federally- or
state-funded SIBs.
Get more information about SIBs
Federally Capitalized SIB
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Indiana
- Iowa
- Maine
- Michigan
- Minnesota
- Missouri
- Nebraska
- New Mexico
- New York
- North
Carolina
- North Dakota
- Oregon
- Pennsylvania
- Puerto Rico
- Rhode Island
- South
Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Wisconsin
- Wyoming
State-only capitalized SIB
Hybrid SIB with separate federally capitalized and state-only
capitalized accounts