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New Jersey Transportation Trust Fund Authority  
      
Overview

About TTFA
Members
Meetings
Legislation

Business Partners
Financial Advisors
Underwriters
Trustees
Bond Counsel
Printing Services
External Auditor

Frequently Asked
Questions


Financing Process
Flow of Funds
Appropriation Revenues
Bonds
Audited Financial Statements

Future Financing
Next Bond Sale
Annual Financial Plan
Long-Term Financing Capacity

GARVEE Bonds

NJDOT/NJ TRANSIT
Capital Program



The Transportation Trust Fund provides funding for New Jersey's transportation system

Financing Process


The Transportation Trust Fund Authority (TTFA) raises cash to reimburse the New Jersey Department of Transportation (NJDOT) and NJ TRANSIT for Transportation Trust Fund capital project expenditures previously authorized by the Legislature in the annual Appropriations Act. As noted in the flow of funds section, the Authority receives appropriation revenues from the State, pays debt service obligations, and combines the remaining appropriation revenues with bond proceeds to meet the cash flow needs of the Transportation Trust Fund program.

Currently, appropriation revenues include all or portions of taxes applied on motor fuels, petroleum product gross receipts and vehicle sales, which are all constitutionally dedicated to the TTFA. The Legislature has also statutorily dedicated the proceeds of the "Good Driver" motor vehicle registration surcharge, heavy truck registration fees, and contributions from the two highway toll road authorities.

The Authority issues "state contract" bonds with maturities up to 31 years within the bonding cap established by the Legislature. See "Frequently Asked Questions" section of this website for a full explanation of the types of bonds sold by the Authority.

Audited financial statements are published each year by an external auditing firm which summarizes the Authority's revenue, bonding and expenditure results for the preceding 12 month period.

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