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Florida Department Of Transportation

November 7, 2011 -- The Florida Department of Transportation's websites will be unavailable due to data center consolidation and relocation activities, beginning Thursday, November 10, 2011, 6:00 PM (EST). Services should resume by Monday, November 14, 2011 6:00 AM. We apologize for any inconvenience.

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Office of Financial Development
VACANT, Director

Finance and Revenue Office
TOLL FACILITIES REVOLVING TRUST FUND

The Toll Facilities Revolving Trust Fund is a loan program created to develop and enhance the financial feasibility of revenue-producing road projects undertaken by local governmental entities and the Turnpike Enterprise. Loans can be awarded for project planning and design activities, and advanced right-of-way purchase activities by filing an acceptable application with the Florida Department of Transportation.

The Toll Facilities Revolving Trust Fund (TFRTF) provides interest free loans as "seed money" to pay initial project development costs for toll facilities. Up to $1.5 million may be awarded per year for each successfully applying entity. Loan awards greater than $1.5 million must be appropriated by the Legislature.

For further information regarding this program, please consult the Florida Statutes and Florida Administrative Code.

As of June 30, 2011, the TFRTF has provided the following:

$191 million awarded and advanced
$151.9 million repaid and "revolved" as new loans

Advantages of using the TFRTF:

Allows local exposure, support, and priority setting for revenue-producing projects
Provides financial alternatives to the State and Local Governmental Entities
Expedites projects otherwise delayed
Increases transportation resources of the State
Cost benefit to the State
Compliments the State Infrastructure Bank Loan Program

For further details on the application submission and award process, please
click here.

Introduction

Statutes & Rule

Section 338.251, FS
Rule Chapter 14-88, F.A.C. (56 KB)

Application Process

TFRTF Finance Plan

Reporting Requirements

Guidelines

Quarterly Report

Annual Audit

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Finance & Revenue Contact Page

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