Frequently Asked Questions
NOTICE TO APPLICANTS:
At its meeting August 7, 2019, the S.C. Transportation Infrastructure Bank Board approved changes to the Application for Financial Assistance recommended by the Evaluation Committee. A
The Bank has been advised it has future project funding capacity a of approximately $650 million.
See the excerpt from Secretary Hall's letter dated August 15, 2019:
"...Guideshares may not be pledged by a MPO/COG or local government to satisfy the repayment or debt service requirements of a loan from SCTIB, without prior approval from SCDOT. This would not preclude a MPO/COG from partnering on a project as it would now through the commitment of a portion or all of its available Guideshares to directly cash fund a project as part of an overall funding package. The distinction that is being made is that the Guideshares may not be committed to the repayment of debt or project loan through the SCTIB."
The Bank will cooperate with SCDOT in its interpretations on the pledging of Guideshares.