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Arkansas State Highway Commission Meeting March 17, 2021

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Page 1: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Arkansas

State Highway

Commission

Meeting

March 17 2021

01 Meeting Minutes February 3 2021

02 Update on Bond Refinancing

03 Consideration of Minute Orders

04 Updates

State Highway Revenue

Federal Highway and Transit Issues

93rd General Assembly

05 Consultant Selection Construction Manager General Contractor for

I-49Hwy 62 Interchange in Fayetteville

Agenda

06 Charging Stations for Electric Vehicles

07 Upcoming Events

08 Other Business and Discussion

09 Winter Weather Review

Construction Bid Lettings Scheduled for

Wednesday April 7 1000 AM and 130 PM

AgendaContinued

February 3 2021 Meeting Minutes1

Update on Bond Refinancing2

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

ARKANSAS STATE HIGHWAY COMMISSIONGeneral Obligation Four Lane Highway Refunding Bonds Series 2021

BID SUMMARY ANALYSIS MARCH 17 2021

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

TRANSACTION OVERVIEW

7

ARKANSAS STATE HIGHWAY COMMISSIONGeneral Obligation Four Lane Highway Refunding Bonds Series 2021

Par Amount $268135000

Sale Date March 11 2021

DeliveryClosing Date April 14 2021

Financial Advisor Stephens Inc

Bond Counsel Friday Eldredge amp Clark

PurposeThe Bonds will be issued to refund the final two maturities of the Series 2013 Bonds The

Series 2013 Bonds maturing on June 15 2021 will remain outstanding

Ratings SampP (AA) Moodyrsquos (Aa1)

Security

The Bonds are secured by an irrevocable pledge of the full faith and credit of the State The

Bonds shall be payable first from the collections of a 05 State-wide sales and use tax levied

pursuant to Amendment 91 and apportioned to the State Highway and Transportation

Department Fund These revenues will also be used to pay the principal of and interest on the

Series 2013 Bonds maturing on June 15 2021

Redemption The Bonds are not subject to redemption prior to maturity

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC 8

BID RESULTS

BIDDER TIC ()

JP MORGAN SECURITIES LLC 0099995

CITIGROUP GLOBAL MARKETS INC 0107848

BANK OF AMERICA MERRILL LYNCH 0114572

WELLS FARGO BANK NATIONAL ASSOCIATION 0123999

MORGAN STANLEY amp CO LLC 0125445

HILLTOPSECURITIES 0143139

BNYMELLON CAPITAL MARKETS 0159026

TD SECURITIES 0159590

JEFFERIES LLC 0179502

ISSUE SIZE ISSUE DESCRIPTION DATED FINAL MATURITY

$268135000General Obligation Four Lane Highway

Refunding Bonds Series 202104142021 06152023

SALE DATE TIME

03112021 1000 am CST

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

SOURCES amp USES

9

Sources amp Uses FINAL

Dated 04142021 | Delivered 04142021

Sources Of Funds Par Amount of Bonds $26813500000

Reoffering Premium 2213553530

Transfers from Prior Issue Debt Service Funds 256118875

Total Sources $29283172405

Uses Of Funds Deposit to Current Refunding Fund 29250211295

Costs of Issuance 32547425

Rounding Amount 413685

Total Uses $29283172405

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

PRICING REPORT

10

MATURITY MMDSpread to

MMD

2021 - -

2022 007 000

2023 011 000

Pricing Summary FINAL

Maturity Type of Bond Coupon Yield Maturity Value Price Dollar Price

06152022 Serial Coupon 5000 0070 12969000000 105761 1371614409006152023 Serial Coupon 5000 0110 13844500000 110592 15310909440

Total - - - $26813500000 - $29027053530

Bid Information Par Amount of Bonds $26813500000

Reoffering Premium or (Discount) 2213553530

Gross Production $29027053530

Total Underw riters Discount (0005) $(1340675)

Bid (108250) 29025712855

Total Purchase Price $29025712855

Bond Year Dollars $45201399

Average Life 1686 Years

Average Coupon 50000000

Net Interest Cost (NIC) 01058752

True Interest Cost (TIC) 00999949

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

DEBT SERVICE COMPARISON

11

Gross Debt Service Comparison FINAL

Date Principal Coupon Interest New DS Old DS Savings

06152021 - - - (413685) 229586125 22999981006152022 12969000000 5000 1567844931 14536844931 15124410000 58756506906152023 13844500000 5000 692225000 14536725000 15123937500 587212500

Total $26813500000 - $2260069931 $29073156246 $30477933625 $1404777379

PV Analysis Summary (Gross to Gross) Gross PV Debt Service Savings 1658255076

Transfers from Prior Issue Debt Service Fund (256118875)

Contingency or Rounding Amount 413685

Total Savings $1402549886

Total Savings $287655000 Refunded Principal 4876

Total Savings $268135000 Refunding Principal 5231

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

REMAINING FINANCING SCHEDULE

12

DATE EVENT RESPONSIBILITY

March 17Presentation of interest rate bids approval of authorizing resolutionand execute closing documents at ARDOT Commission Meeting

ARDOT FEC SI

March 18 Blacklined official statement distributed to working group for review FEC

March 22 Distribute final official statement FEC SI

April 12-13 Pre-closing to review and approve closing documents All Parties

April 14 Closing and transfer of funds All Parties

Key

ARDOT Arkansas Department of Transportation

FEC Friday Eldredge amp Clark

SI Stephens Inc

MARCH 2021

S M T W T F S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

APRIL 2021

S M T W T F S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

Consideration of Minute Orders3

Patrick PattonChief Fiscal Officer

State Highway Revenue

$2017

$593

$107$43 $73 $34

$2867

$1969

$626

$92 $43 $49$02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

$3500

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

FY 2020 FY 2021

VARIANCE

CHANGE -48

-24

$33

56

-$15

-140-$24

-329

-$32

-941

(MILLIONS)

$00

00-$86

-30

2020-2021 OPERATIONS BUDGETED REVENUE

February

FY 2021 OPERATIONS ndash BUDGETED VS ACTUAL

February

$1768

$589

$107$43 $73 $34

$2614

$1969

$626

$92 $43 $49 $02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

BUDGETED ACTUAL

VARIANCE

CHANGE

$201

114$37

63

-$15

-140-$24

-329

-$32

-941$167

64

$00

00

(MILLIONS)

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 2: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

01 Meeting Minutes February 3 2021

02 Update on Bond Refinancing

03 Consideration of Minute Orders

04 Updates

State Highway Revenue

Federal Highway and Transit Issues

93rd General Assembly

05 Consultant Selection Construction Manager General Contractor for

I-49Hwy 62 Interchange in Fayetteville

Agenda

06 Charging Stations for Electric Vehicles

07 Upcoming Events

08 Other Business and Discussion

09 Winter Weather Review

Construction Bid Lettings Scheduled for

Wednesday April 7 1000 AM and 130 PM

AgendaContinued

February 3 2021 Meeting Minutes1

Update on Bond Refinancing2

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

ARKANSAS STATE HIGHWAY COMMISSIONGeneral Obligation Four Lane Highway Refunding Bonds Series 2021

BID SUMMARY ANALYSIS MARCH 17 2021

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

TRANSACTION OVERVIEW

7

ARKANSAS STATE HIGHWAY COMMISSIONGeneral Obligation Four Lane Highway Refunding Bonds Series 2021

Par Amount $268135000

Sale Date March 11 2021

DeliveryClosing Date April 14 2021

Financial Advisor Stephens Inc

Bond Counsel Friday Eldredge amp Clark

PurposeThe Bonds will be issued to refund the final two maturities of the Series 2013 Bonds The

Series 2013 Bonds maturing on June 15 2021 will remain outstanding

Ratings SampP (AA) Moodyrsquos (Aa1)

Security

The Bonds are secured by an irrevocable pledge of the full faith and credit of the State The

Bonds shall be payable first from the collections of a 05 State-wide sales and use tax levied

pursuant to Amendment 91 and apportioned to the State Highway and Transportation

Department Fund These revenues will also be used to pay the principal of and interest on the

Series 2013 Bonds maturing on June 15 2021

Redemption The Bonds are not subject to redemption prior to maturity

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC 8

BID RESULTS

BIDDER TIC ()

JP MORGAN SECURITIES LLC 0099995

CITIGROUP GLOBAL MARKETS INC 0107848

BANK OF AMERICA MERRILL LYNCH 0114572

WELLS FARGO BANK NATIONAL ASSOCIATION 0123999

MORGAN STANLEY amp CO LLC 0125445

HILLTOPSECURITIES 0143139

BNYMELLON CAPITAL MARKETS 0159026

TD SECURITIES 0159590

JEFFERIES LLC 0179502

ISSUE SIZE ISSUE DESCRIPTION DATED FINAL MATURITY

$268135000General Obligation Four Lane Highway

Refunding Bonds Series 202104142021 06152023

SALE DATE TIME

03112021 1000 am CST

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

SOURCES amp USES

9

Sources amp Uses FINAL

Dated 04142021 | Delivered 04142021

Sources Of Funds Par Amount of Bonds $26813500000

Reoffering Premium 2213553530

Transfers from Prior Issue Debt Service Funds 256118875

Total Sources $29283172405

Uses Of Funds Deposit to Current Refunding Fund 29250211295

Costs of Issuance 32547425

Rounding Amount 413685

Total Uses $29283172405

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

PRICING REPORT

10

MATURITY MMDSpread to

MMD

2021 - -

2022 007 000

2023 011 000

Pricing Summary FINAL

Maturity Type of Bond Coupon Yield Maturity Value Price Dollar Price

06152022 Serial Coupon 5000 0070 12969000000 105761 1371614409006152023 Serial Coupon 5000 0110 13844500000 110592 15310909440

Total - - - $26813500000 - $29027053530

Bid Information Par Amount of Bonds $26813500000

Reoffering Premium or (Discount) 2213553530

Gross Production $29027053530

Total Underw riters Discount (0005) $(1340675)

Bid (108250) 29025712855

Total Purchase Price $29025712855

Bond Year Dollars $45201399

Average Life 1686 Years

Average Coupon 50000000

Net Interest Cost (NIC) 01058752

True Interest Cost (TIC) 00999949

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

DEBT SERVICE COMPARISON

11

Gross Debt Service Comparison FINAL

Date Principal Coupon Interest New DS Old DS Savings

06152021 - - - (413685) 229586125 22999981006152022 12969000000 5000 1567844931 14536844931 15124410000 58756506906152023 13844500000 5000 692225000 14536725000 15123937500 587212500

Total $26813500000 - $2260069931 $29073156246 $30477933625 $1404777379

PV Analysis Summary (Gross to Gross) Gross PV Debt Service Savings 1658255076

Transfers from Prior Issue Debt Service Fund (256118875)

Contingency or Rounding Amount 413685

Total Savings $1402549886

Total Savings $287655000 Refunded Principal 4876

Total Savings $268135000 Refunding Principal 5231

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

REMAINING FINANCING SCHEDULE

12

DATE EVENT RESPONSIBILITY

March 17Presentation of interest rate bids approval of authorizing resolutionand execute closing documents at ARDOT Commission Meeting

ARDOT FEC SI

March 18 Blacklined official statement distributed to working group for review FEC

March 22 Distribute final official statement FEC SI

April 12-13 Pre-closing to review and approve closing documents All Parties

April 14 Closing and transfer of funds All Parties

Key

ARDOT Arkansas Department of Transportation

FEC Friday Eldredge amp Clark

SI Stephens Inc

MARCH 2021

S M T W T F S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

APRIL 2021

S M T W T F S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

Consideration of Minute Orders3

Patrick PattonChief Fiscal Officer

State Highway Revenue

$2017

$593

$107$43 $73 $34

$2867

$1969

$626

$92 $43 $49$02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

$3500

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

FY 2020 FY 2021

VARIANCE

CHANGE -48

-24

$33

56

-$15

-140-$24

-329

-$32

-941

(MILLIONS)

$00

00-$86

-30

2020-2021 OPERATIONS BUDGETED REVENUE

February

FY 2021 OPERATIONS ndash BUDGETED VS ACTUAL

February

$1768

$589

$107$43 $73 $34

$2614

$1969

$626

$92 $43 $49 $02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

BUDGETED ACTUAL

VARIANCE

CHANGE

$201

114$37

63

-$15

-140-$24

-329

-$32

-941$167

64

$00

00

(MILLIONS)

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 3: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

06 Charging Stations for Electric Vehicles

07 Upcoming Events

08 Other Business and Discussion

09 Winter Weather Review

Construction Bid Lettings Scheduled for

Wednesday April 7 1000 AM and 130 PM

AgendaContinued

February 3 2021 Meeting Minutes1

Update on Bond Refinancing2

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

ARKANSAS STATE HIGHWAY COMMISSIONGeneral Obligation Four Lane Highway Refunding Bonds Series 2021

BID SUMMARY ANALYSIS MARCH 17 2021

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

TRANSACTION OVERVIEW

7

ARKANSAS STATE HIGHWAY COMMISSIONGeneral Obligation Four Lane Highway Refunding Bonds Series 2021

Par Amount $268135000

Sale Date March 11 2021

DeliveryClosing Date April 14 2021

Financial Advisor Stephens Inc

Bond Counsel Friday Eldredge amp Clark

PurposeThe Bonds will be issued to refund the final two maturities of the Series 2013 Bonds The

Series 2013 Bonds maturing on June 15 2021 will remain outstanding

Ratings SampP (AA) Moodyrsquos (Aa1)

Security

The Bonds are secured by an irrevocable pledge of the full faith and credit of the State The

Bonds shall be payable first from the collections of a 05 State-wide sales and use tax levied

pursuant to Amendment 91 and apportioned to the State Highway and Transportation

Department Fund These revenues will also be used to pay the principal of and interest on the

Series 2013 Bonds maturing on June 15 2021

Redemption The Bonds are not subject to redemption prior to maturity

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC 8

BID RESULTS

BIDDER TIC ()

JP MORGAN SECURITIES LLC 0099995

CITIGROUP GLOBAL MARKETS INC 0107848

BANK OF AMERICA MERRILL LYNCH 0114572

WELLS FARGO BANK NATIONAL ASSOCIATION 0123999

MORGAN STANLEY amp CO LLC 0125445

HILLTOPSECURITIES 0143139

BNYMELLON CAPITAL MARKETS 0159026

TD SECURITIES 0159590

JEFFERIES LLC 0179502

ISSUE SIZE ISSUE DESCRIPTION DATED FINAL MATURITY

$268135000General Obligation Four Lane Highway

Refunding Bonds Series 202104142021 06152023

SALE DATE TIME

03112021 1000 am CST

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

SOURCES amp USES

9

Sources amp Uses FINAL

Dated 04142021 | Delivered 04142021

Sources Of Funds Par Amount of Bonds $26813500000

Reoffering Premium 2213553530

Transfers from Prior Issue Debt Service Funds 256118875

Total Sources $29283172405

Uses Of Funds Deposit to Current Refunding Fund 29250211295

Costs of Issuance 32547425

Rounding Amount 413685

Total Uses $29283172405

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

PRICING REPORT

10

MATURITY MMDSpread to

MMD

2021 - -

2022 007 000

2023 011 000

Pricing Summary FINAL

Maturity Type of Bond Coupon Yield Maturity Value Price Dollar Price

06152022 Serial Coupon 5000 0070 12969000000 105761 1371614409006152023 Serial Coupon 5000 0110 13844500000 110592 15310909440

Total - - - $26813500000 - $29027053530

Bid Information Par Amount of Bonds $26813500000

Reoffering Premium or (Discount) 2213553530

Gross Production $29027053530

Total Underw riters Discount (0005) $(1340675)

Bid (108250) 29025712855

Total Purchase Price $29025712855

Bond Year Dollars $45201399

Average Life 1686 Years

Average Coupon 50000000

Net Interest Cost (NIC) 01058752

True Interest Cost (TIC) 00999949

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

DEBT SERVICE COMPARISON

11

Gross Debt Service Comparison FINAL

Date Principal Coupon Interest New DS Old DS Savings

06152021 - - - (413685) 229586125 22999981006152022 12969000000 5000 1567844931 14536844931 15124410000 58756506906152023 13844500000 5000 692225000 14536725000 15123937500 587212500

Total $26813500000 - $2260069931 $29073156246 $30477933625 $1404777379

PV Analysis Summary (Gross to Gross) Gross PV Debt Service Savings 1658255076

Transfers from Prior Issue Debt Service Fund (256118875)

Contingency or Rounding Amount 413685

Total Savings $1402549886

Total Savings $287655000 Refunded Principal 4876

Total Savings $268135000 Refunding Principal 5231

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

REMAINING FINANCING SCHEDULE

12

DATE EVENT RESPONSIBILITY

March 17Presentation of interest rate bids approval of authorizing resolutionand execute closing documents at ARDOT Commission Meeting

ARDOT FEC SI

March 18 Blacklined official statement distributed to working group for review FEC

March 22 Distribute final official statement FEC SI

April 12-13 Pre-closing to review and approve closing documents All Parties

April 14 Closing and transfer of funds All Parties

Key

ARDOT Arkansas Department of Transportation

FEC Friday Eldredge amp Clark

SI Stephens Inc

MARCH 2021

S M T W T F S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

APRIL 2021

S M T W T F S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

Consideration of Minute Orders3

Patrick PattonChief Fiscal Officer

State Highway Revenue

$2017

$593

$107$43 $73 $34

$2867

$1969

$626

$92 $43 $49$02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

$3500

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

FY 2020 FY 2021

VARIANCE

CHANGE -48

-24

$33

56

-$15

-140-$24

-329

-$32

-941

(MILLIONS)

$00

00-$86

-30

2020-2021 OPERATIONS BUDGETED REVENUE

February

FY 2021 OPERATIONS ndash BUDGETED VS ACTUAL

February

$1768

$589

$107$43 $73 $34

$2614

$1969

$626

$92 $43 $49 $02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

BUDGETED ACTUAL

VARIANCE

CHANGE

$201

114$37

63

-$15

-140-$24

-329

-$32

-941$167

64

$00

00

(MILLIONS)

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 4: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

February 3 2021 Meeting Minutes1

Update on Bond Refinancing2

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

ARKANSAS STATE HIGHWAY COMMISSIONGeneral Obligation Four Lane Highway Refunding Bonds Series 2021

BID SUMMARY ANALYSIS MARCH 17 2021

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

TRANSACTION OVERVIEW

7

ARKANSAS STATE HIGHWAY COMMISSIONGeneral Obligation Four Lane Highway Refunding Bonds Series 2021

Par Amount $268135000

Sale Date March 11 2021

DeliveryClosing Date April 14 2021

Financial Advisor Stephens Inc

Bond Counsel Friday Eldredge amp Clark

PurposeThe Bonds will be issued to refund the final two maturities of the Series 2013 Bonds The

Series 2013 Bonds maturing on June 15 2021 will remain outstanding

Ratings SampP (AA) Moodyrsquos (Aa1)

Security

The Bonds are secured by an irrevocable pledge of the full faith and credit of the State The

Bonds shall be payable first from the collections of a 05 State-wide sales and use tax levied

pursuant to Amendment 91 and apportioned to the State Highway and Transportation

Department Fund These revenues will also be used to pay the principal of and interest on the

Series 2013 Bonds maturing on June 15 2021

Redemption The Bonds are not subject to redemption prior to maturity

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC 8

BID RESULTS

BIDDER TIC ()

JP MORGAN SECURITIES LLC 0099995

CITIGROUP GLOBAL MARKETS INC 0107848

BANK OF AMERICA MERRILL LYNCH 0114572

WELLS FARGO BANK NATIONAL ASSOCIATION 0123999

MORGAN STANLEY amp CO LLC 0125445

HILLTOPSECURITIES 0143139

BNYMELLON CAPITAL MARKETS 0159026

TD SECURITIES 0159590

JEFFERIES LLC 0179502

ISSUE SIZE ISSUE DESCRIPTION DATED FINAL MATURITY

$268135000General Obligation Four Lane Highway

Refunding Bonds Series 202104142021 06152023

SALE DATE TIME

03112021 1000 am CST

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

SOURCES amp USES

9

Sources amp Uses FINAL

Dated 04142021 | Delivered 04142021

Sources Of Funds Par Amount of Bonds $26813500000

Reoffering Premium 2213553530

Transfers from Prior Issue Debt Service Funds 256118875

Total Sources $29283172405

Uses Of Funds Deposit to Current Refunding Fund 29250211295

Costs of Issuance 32547425

Rounding Amount 413685

Total Uses $29283172405

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

PRICING REPORT

10

MATURITY MMDSpread to

MMD

2021 - -

2022 007 000

2023 011 000

Pricing Summary FINAL

Maturity Type of Bond Coupon Yield Maturity Value Price Dollar Price

06152022 Serial Coupon 5000 0070 12969000000 105761 1371614409006152023 Serial Coupon 5000 0110 13844500000 110592 15310909440

Total - - - $26813500000 - $29027053530

Bid Information Par Amount of Bonds $26813500000

Reoffering Premium or (Discount) 2213553530

Gross Production $29027053530

Total Underw riters Discount (0005) $(1340675)

Bid (108250) 29025712855

Total Purchase Price $29025712855

Bond Year Dollars $45201399

Average Life 1686 Years

Average Coupon 50000000

Net Interest Cost (NIC) 01058752

True Interest Cost (TIC) 00999949

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

DEBT SERVICE COMPARISON

11

Gross Debt Service Comparison FINAL

Date Principal Coupon Interest New DS Old DS Savings

06152021 - - - (413685) 229586125 22999981006152022 12969000000 5000 1567844931 14536844931 15124410000 58756506906152023 13844500000 5000 692225000 14536725000 15123937500 587212500

Total $26813500000 - $2260069931 $29073156246 $30477933625 $1404777379

PV Analysis Summary (Gross to Gross) Gross PV Debt Service Savings 1658255076

Transfers from Prior Issue Debt Service Fund (256118875)

Contingency or Rounding Amount 413685

Total Savings $1402549886

Total Savings $287655000 Refunded Principal 4876

Total Savings $268135000 Refunding Principal 5231

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

REMAINING FINANCING SCHEDULE

12

DATE EVENT RESPONSIBILITY

March 17Presentation of interest rate bids approval of authorizing resolutionand execute closing documents at ARDOT Commission Meeting

ARDOT FEC SI

March 18 Blacklined official statement distributed to working group for review FEC

March 22 Distribute final official statement FEC SI

April 12-13 Pre-closing to review and approve closing documents All Parties

April 14 Closing and transfer of funds All Parties

Key

ARDOT Arkansas Department of Transportation

FEC Friday Eldredge amp Clark

SI Stephens Inc

MARCH 2021

S M T W T F S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

APRIL 2021

S M T W T F S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

Consideration of Minute Orders3

Patrick PattonChief Fiscal Officer

State Highway Revenue

$2017

$593

$107$43 $73 $34

$2867

$1969

$626

$92 $43 $49$02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

$3500

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

FY 2020 FY 2021

VARIANCE

CHANGE -48

-24

$33

56

-$15

-140-$24

-329

-$32

-941

(MILLIONS)

$00

00-$86

-30

2020-2021 OPERATIONS BUDGETED REVENUE

February

FY 2021 OPERATIONS ndash BUDGETED VS ACTUAL

February

$1768

$589

$107$43 $73 $34

$2614

$1969

$626

$92 $43 $49 $02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

BUDGETED ACTUAL

VARIANCE

CHANGE

$201

114$37

63

-$15

-140-$24

-329

-$32

-941$167

64

$00

00

(MILLIONS)

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 5: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Update on Bond Refinancing2

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

ARKANSAS STATE HIGHWAY COMMISSIONGeneral Obligation Four Lane Highway Refunding Bonds Series 2021

BID SUMMARY ANALYSIS MARCH 17 2021

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

TRANSACTION OVERVIEW

7

ARKANSAS STATE HIGHWAY COMMISSIONGeneral Obligation Four Lane Highway Refunding Bonds Series 2021

Par Amount $268135000

Sale Date March 11 2021

DeliveryClosing Date April 14 2021

Financial Advisor Stephens Inc

Bond Counsel Friday Eldredge amp Clark

PurposeThe Bonds will be issued to refund the final two maturities of the Series 2013 Bonds The

Series 2013 Bonds maturing on June 15 2021 will remain outstanding

Ratings SampP (AA) Moodyrsquos (Aa1)

Security

The Bonds are secured by an irrevocable pledge of the full faith and credit of the State The

Bonds shall be payable first from the collections of a 05 State-wide sales and use tax levied

pursuant to Amendment 91 and apportioned to the State Highway and Transportation

Department Fund These revenues will also be used to pay the principal of and interest on the

Series 2013 Bonds maturing on June 15 2021

Redemption The Bonds are not subject to redemption prior to maturity

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC 8

BID RESULTS

BIDDER TIC ()

JP MORGAN SECURITIES LLC 0099995

CITIGROUP GLOBAL MARKETS INC 0107848

BANK OF AMERICA MERRILL LYNCH 0114572

WELLS FARGO BANK NATIONAL ASSOCIATION 0123999

MORGAN STANLEY amp CO LLC 0125445

HILLTOPSECURITIES 0143139

BNYMELLON CAPITAL MARKETS 0159026

TD SECURITIES 0159590

JEFFERIES LLC 0179502

ISSUE SIZE ISSUE DESCRIPTION DATED FINAL MATURITY

$268135000General Obligation Four Lane Highway

Refunding Bonds Series 202104142021 06152023

SALE DATE TIME

03112021 1000 am CST

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

SOURCES amp USES

9

Sources amp Uses FINAL

Dated 04142021 | Delivered 04142021

Sources Of Funds Par Amount of Bonds $26813500000

Reoffering Premium 2213553530

Transfers from Prior Issue Debt Service Funds 256118875

Total Sources $29283172405

Uses Of Funds Deposit to Current Refunding Fund 29250211295

Costs of Issuance 32547425

Rounding Amount 413685

Total Uses $29283172405

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

PRICING REPORT

10

MATURITY MMDSpread to

MMD

2021 - -

2022 007 000

2023 011 000

Pricing Summary FINAL

Maturity Type of Bond Coupon Yield Maturity Value Price Dollar Price

06152022 Serial Coupon 5000 0070 12969000000 105761 1371614409006152023 Serial Coupon 5000 0110 13844500000 110592 15310909440

Total - - - $26813500000 - $29027053530

Bid Information Par Amount of Bonds $26813500000

Reoffering Premium or (Discount) 2213553530

Gross Production $29027053530

Total Underw riters Discount (0005) $(1340675)

Bid (108250) 29025712855

Total Purchase Price $29025712855

Bond Year Dollars $45201399

Average Life 1686 Years

Average Coupon 50000000

Net Interest Cost (NIC) 01058752

True Interest Cost (TIC) 00999949

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

DEBT SERVICE COMPARISON

11

Gross Debt Service Comparison FINAL

Date Principal Coupon Interest New DS Old DS Savings

06152021 - - - (413685) 229586125 22999981006152022 12969000000 5000 1567844931 14536844931 15124410000 58756506906152023 13844500000 5000 692225000 14536725000 15123937500 587212500

Total $26813500000 - $2260069931 $29073156246 $30477933625 $1404777379

PV Analysis Summary (Gross to Gross) Gross PV Debt Service Savings 1658255076

Transfers from Prior Issue Debt Service Fund (256118875)

Contingency or Rounding Amount 413685

Total Savings $1402549886

Total Savings $287655000 Refunded Principal 4876

Total Savings $268135000 Refunding Principal 5231

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

REMAINING FINANCING SCHEDULE

12

DATE EVENT RESPONSIBILITY

March 17Presentation of interest rate bids approval of authorizing resolutionand execute closing documents at ARDOT Commission Meeting

ARDOT FEC SI

March 18 Blacklined official statement distributed to working group for review FEC

March 22 Distribute final official statement FEC SI

April 12-13 Pre-closing to review and approve closing documents All Parties

April 14 Closing and transfer of funds All Parties

Key

ARDOT Arkansas Department of Transportation

FEC Friday Eldredge amp Clark

SI Stephens Inc

MARCH 2021

S M T W T F S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

APRIL 2021

S M T W T F S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

Consideration of Minute Orders3

Patrick PattonChief Fiscal Officer

State Highway Revenue

$2017

$593

$107$43 $73 $34

$2867

$1969

$626

$92 $43 $49$02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

$3500

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

FY 2020 FY 2021

VARIANCE

CHANGE -48

-24

$33

56

-$15

-140-$24

-329

-$32

-941

(MILLIONS)

$00

00-$86

-30

2020-2021 OPERATIONS BUDGETED REVENUE

February

FY 2021 OPERATIONS ndash BUDGETED VS ACTUAL

February

$1768

$589

$107$43 $73 $34

$2614

$1969

$626

$92 $43 $49 $02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

BUDGETED ACTUAL

VARIANCE

CHANGE

$201

114$37

63

-$15

-140-$24

-329

-$32

-941$167

64

$00

00

(MILLIONS)

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 6: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

ARKANSAS STATE HIGHWAY COMMISSIONGeneral Obligation Four Lane Highway Refunding Bonds Series 2021

BID SUMMARY ANALYSIS MARCH 17 2021

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

TRANSACTION OVERVIEW

7

ARKANSAS STATE HIGHWAY COMMISSIONGeneral Obligation Four Lane Highway Refunding Bonds Series 2021

Par Amount $268135000

Sale Date March 11 2021

DeliveryClosing Date April 14 2021

Financial Advisor Stephens Inc

Bond Counsel Friday Eldredge amp Clark

PurposeThe Bonds will be issued to refund the final two maturities of the Series 2013 Bonds The

Series 2013 Bonds maturing on June 15 2021 will remain outstanding

Ratings SampP (AA) Moodyrsquos (Aa1)

Security

The Bonds are secured by an irrevocable pledge of the full faith and credit of the State The

Bonds shall be payable first from the collections of a 05 State-wide sales and use tax levied

pursuant to Amendment 91 and apportioned to the State Highway and Transportation

Department Fund These revenues will also be used to pay the principal of and interest on the

Series 2013 Bonds maturing on June 15 2021

Redemption The Bonds are not subject to redemption prior to maturity

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC 8

BID RESULTS

BIDDER TIC ()

JP MORGAN SECURITIES LLC 0099995

CITIGROUP GLOBAL MARKETS INC 0107848

BANK OF AMERICA MERRILL LYNCH 0114572

WELLS FARGO BANK NATIONAL ASSOCIATION 0123999

MORGAN STANLEY amp CO LLC 0125445

HILLTOPSECURITIES 0143139

BNYMELLON CAPITAL MARKETS 0159026

TD SECURITIES 0159590

JEFFERIES LLC 0179502

ISSUE SIZE ISSUE DESCRIPTION DATED FINAL MATURITY

$268135000General Obligation Four Lane Highway

Refunding Bonds Series 202104142021 06152023

SALE DATE TIME

03112021 1000 am CST

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

SOURCES amp USES

9

Sources amp Uses FINAL

Dated 04142021 | Delivered 04142021

Sources Of Funds Par Amount of Bonds $26813500000

Reoffering Premium 2213553530

Transfers from Prior Issue Debt Service Funds 256118875

Total Sources $29283172405

Uses Of Funds Deposit to Current Refunding Fund 29250211295

Costs of Issuance 32547425

Rounding Amount 413685

Total Uses $29283172405

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

PRICING REPORT

10

MATURITY MMDSpread to

MMD

2021 - -

2022 007 000

2023 011 000

Pricing Summary FINAL

Maturity Type of Bond Coupon Yield Maturity Value Price Dollar Price

06152022 Serial Coupon 5000 0070 12969000000 105761 1371614409006152023 Serial Coupon 5000 0110 13844500000 110592 15310909440

Total - - - $26813500000 - $29027053530

Bid Information Par Amount of Bonds $26813500000

Reoffering Premium or (Discount) 2213553530

Gross Production $29027053530

Total Underw riters Discount (0005) $(1340675)

Bid (108250) 29025712855

Total Purchase Price $29025712855

Bond Year Dollars $45201399

Average Life 1686 Years

Average Coupon 50000000

Net Interest Cost (NIC) 01058752

True Interest Cost (TIC) 00999949

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

DEBT SERVICE COMPARISON

11

Gross Debt Service Comparison FINAL

Date Principal Coupon Interest New DS Old DS Savings

06152021 - - - (413685) 229586125 22999981006152022 12969000000 5000 1567844931 14536844931 15124410000 58756506906152023 13844500000 5000 692225000 14536725000 15123937500 587212500

Total $26813500000 - $2260069931 $29073156246 $30477933625 $1404777379

PV Analysis Summary (Gross to Gross) Gross PV Debt Service Savings 1658255076

Transfers from Prior Issue Debt Service Fund (256118875)

Contingency or Rounding Amount 413685

Total Savings $1402549886

Total Savings $287655000 Refunded Principal 4876

Total Savings $268135000 Refunding Principal 5231

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

REMAINING FINANCING SCHEDULE

12

DATE EVENT RESPONSIBILITY

March 17Presentation of interest rate bids approval of authorizing resolutionand execute closing documents at ARDOT Commission Meeting

ARDOT FEC SI

March 18 Blacklined official statement distributed to working group for review FEC

March 22 Distribute final official statement FEC SI

April 12-13 Pre-closing to review and approve closing documents All Parties

April 14 Closing and transfer of funds All Parties

Key

ARDOT Arkansas Department of Transportation

FEC Friday Eldredge amp Clark

SI Stephens Inc

MARCH 2021

S M T W T F S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

APRIL 2021

S M T W T F S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

Consideration of Minute Orders3

Patrick PattonChief Fiscal Officer

State Highway Revenue

$2017

$593

$107$43 $73 $34

$2867

$1969

$626

$92 $43 $49$02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

$3500

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

FY 2020 FY 2021

VARIANCE

CHANGE -48

-24

$33

56

-$15

-140-$24

-329

-$32

-941

(MILLIONS)

$00

00-$86

-30

2020-2021 OPERATIONS BUDGETED REVENUE

February

FY 2021 OPERATIONS ndash BUDGETED VS ACTUAL

February

$1768

$589

$107$43 $73 $34

$2614

$1969

$626

$92 $43 $49 $02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

BUDGETED ACTUAL

VARIANCE

CHANGE

$201

114$37

63

-$15

-140-$24

-329

-$32

-941$167

64

$00

00

(MILLIONS)

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 7: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

TRANSACTION OVERVIEW

7

ARKANSAS STATE HIGHWAY COMMISSIONGeneral Obligation Four Lane Highway Refunding Bonds Series 2021

Par Amount $268135000

Sale Date March 11 2021

DeliveryClosing Date April 14 2021

Financial Advisor Stephens Inc

Bond Counsel Friday Eldredge amp Clark

PurposeThe Bonds will be issued to refund the final two maturities of the Series 2013 Bonds The

Series 2013 Bonds maturing on June 15 2021 will remain outstanding

Ratings SampP (AA) Moodyrsquos (Aa1)

Security

The Bonds are secured by an irrevocable pledge of the full faith and credit of the State The

Bonds shall be payable first from the collections of a 05 State-wide sales and use tax levied

pursuant to Amendment 91 and apportioned to the State Highway and Transportation

Department Fund These revenues will also be used to pay the principal of and interest on the

Series 2013 Bonds maturing on June 15 2021

Redemption The Bonds are not subject to redemption prior to maturity

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC 8

BID RESULTS

BIDDER TIC ()

JP MORGAN SECURITIES LLC 0099995

CITIGROUP GLOBAL MARKETS INC 0107848

BANK OF AMERICA MERRILL LYNCH 0114572

WELLS FARGO BANK NATIONAL ASSOCIATION 0123999

MORGAN STANLEY amp CO LLC 0125445

HILLTOPSECURITIES 0143139

BNYMELLON CAPITAL MARKETS 0159026

TD SECURITIES 0159590

JEFFERIES LLC 0179502

ISSUE SIZE ISSUE DESCRIPTION DATED FINAL MATURITY

$268135000General Obligation Four Lane Highway

Refunding Bonds Series 202104142021 06152023

SALE DATE TIME

03112021 1000 am CST

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

SOURCES amp USES

9

Sources amp Uses FINAL

Dated 04142021 | Delivered 04142021

Sources Of Funds Par Amount of Bonds $26813500000

Reoffering Premium 2213553530

Transfers from Prior Issue Debt Service Funds 256118875

Total Sources $29283172405

Uses Of Funds Deposit to Current Refunding Fund 29250211295

Costs of Issuance 32547425

Rounding Amount 413685

Total Uses $29283172405

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

PRICING REPORT

10

MATURITY MMDSpread to

MMD

2021 - -

2022 007 000

2023 011 000

Pricing Summary FINAL

Maturity Type of Bond Coupon Yield Maturity Value Price Dollar Price

06152022 Serial Coupon 5000 0070 12969000000 105761 1371614409006152023 Serial Coupon 5000 0110 13844500000 110592 15310909440

Total - - - $26813500000 - $29027053530

Bid Information Par Amount of Bonds $26813500000

Reoffering Premium or (Discount) 2213553530

Gross Production $29027053530

Total Underw riters Discount (0005) $(1340675)

Bid (108250) 29025712855

Total Purchase Price $29025712855

Bond Year Dollars $45201399

Average Life 1686 Years

Average Coupon 50000000

Net Interest Cost (NIC) 01058752

True Interest Cost (TIC) 00999949

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

DEBT SERVICE COMPARISON

11

Gross Debt Service Comparison FINAL

Date Principal Coupon Interest New DS Old DS Savings

06152021 - - - (413685) 229586125 22999981006152022 12969000000 5000 1567844931 14536844931 15124410000 58756506906152023 13844500000 5000 692225000 14536725000 15123937500 587212500

Total $26813500000 - $2260069931 $29073156246 $30477933625 $1404777379

PV Analysis Summary (Gross to Gross) Gross PV Debt Service Savings 1658255076

Transfers from Prior Issue Debt Service Fund (256118875)

Contingency or Rounding Amount 413685

Total Savings $1402549886

Total Savings $287655000 Refunded Principal 4876

Total Savings $268135000 Refunding Principal 5231

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

REMAINING FINANCING SCHEDULE

12

DATE EVENT RESPONSIBILITY

March 17Presentation of interest rate bids approval of authorizing resolutionand execute closing documents at ARDOT Commission Meeting

ARDOT FEC SI

March 18 Blacklined official statement distributed to working group for review FEC

March 22 Distribute final official statement FEC SI

April 12-13 Pre-closing to review and approve closing documents All Parties

April 14 Closing and transfer of funds All Parties

Key

ARDOT Arkansas Department of Transportation

FEC Friday Eldredge amp Clark

SI Stephens Inc

MARCH 2021

S M T W T F S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

APRIL 2021

S M T W T F S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

Consideration of Minute Orders3

Patrick PattonChief Fiscal Officer

State Highway Revenue

$2017

$593

$107$43 $73 $34

$2867

$1969

$626

$92 $43 $49$02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

$3500

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

FY 2020 FY 2021

VARIANCE

CHANGE -48

-24

$33

56

-$15

-140-$24

-329

-$32

-941

(MILLIONS)

$00

00-$86

-30

2020-2021 OPERATIONS BUDGETED REVENUE

February

FY 2021 OPERATIONS ndash BUDGETED VS ACTUAL

February

$1768

$589

$107$43 $73 $34

$2614

$1969

$626

$92 $43 $49 $02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

BUDGETED ACTUAL

VARIANCE

CHANGE

$201

114$37

63

-$15

-140-$24

-329

-$32

-941$167

64

$00

00

(MILLIONS)

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 8: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC 8

BID RESULTS

BIDDER TIC ()

JP MORGAN SECURITIES LLC 0099995

CITIGROUP GLOBAL MARKETS INC 0107848

BANK OF AMERICA MERRILL LYNCH 0114572

WELLS FARGO BANK NATIONAL ASSOCIATION 0123999

MORGAN STANLEY amp CO LLC 0125445

HILLTOPSECURITIES 0143139

BNYMELLON CAPITAL MARKETS 0159026

TD SECURITIES 0159590

JEFFERIES LLC 0179502

ISSUE SIZE ISSUE DESCRIPTION DATED FINAL MATURITY

$268135000General Obligation Four Lane Highway

Refunding Bonds Series 202104142021 06152023

SALE DATE TIME

03112021 1000 am CST

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

SOURCES amp USES

9

Sources amp Uses FINAL

Dated 04142021 | Delivered 04142021

Sources Of Funds Par Amount of Bonds $26813500000

Reoffering Premium 2213553530

Transfers from Prior Issue Debt Service Funds 256118875

Total Sources $29283172405

Uses Of Funds Deposit to Current Refunding Fund 29250211295

Costs of Issuance 32547425

Rounding Amount 413685

Total Uses $29283172405

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

PRICING REPORT

10

MATURITY MMDSpread to

MMD

2021 - -

2022 007 000

2023 011 000

Pricing Summary FINAL

Maturity Type of Bond Coupon Yield Maturity Value Price Dollar Price

06152022 Serial Coupon 5000 0070 12969000000 105761 1371614409006152023 Serial Coupon 5000 0110 13844500000 110592 15310909440

Total - - - $26813500000 - $29027053530

Bid Information Par Amount of Bonds $26813500000

Reoffering Premium or (Discount) 2213553530

Gross Production $29027053530

Total Underw riters Discount (0005) $(1340675)

Bid (108250) 29025712855

Total Purchase Price $29025712855

Bond Year Dollars $45201399

Average Life 1686 Years

Average Coupon 50000000

Net Interest Cost (NIC) 01058752

True Interest Cost (TIC) 00999949

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

DEBT SERVICE COMPARISON

11

Gross Debt Service Comparison FINAL

Date Principal Coupon Interest New DS Old DS Savings

06152021 - - - (413685) 229586125 22999981006152022 12969000000 5000 1567844931 14536844931 15124410000 58756506906152023 13844500000 5000 692225000 14536725000 15123937500 587212500

Total $26813500000 - $2260069931 $29073156246 $30477933625 $1404777379

PV Analysis Summary (Gross to Gross) Gross PV Debt Service Savings 1658255076

Transfers from Prior Issue Debt Service Fund (256118875)

Contingency or Rounding Amount 413685

Total Savings $1402549886

Total Savings $287655000 Refunded Principal 4876

Total Savings $268135000 Refunding Principal 5231

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

REMAINING FINANCING SCHEDULE

12

DATE EVENT RESPONSIBILITY

March 17Presentation of interest rate bids approval of authorizing resolutionand execute closing documents at ARDOT Commission Meeting

ARDOT FEC SI

March 18 Blacklined official statement distributed to working group for review FEC

March 22 Distribute final official statement FEC SI

April 12-13 Pre-closing to review and approve closing documents All Parties

April 14 Closing and transfer of funds All Parties

Key

ARDOT Arkansas Department of Transportation

FEC Friday Eldredge amp Clark

SI Stephens Inc

MARCH 2021

S M T W T F S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

APRIL 2021

S M T W T F S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

Consideration of Minute Orders3

Patrick PattonChief Fiscal Officer

State Highway Revenue

$2017

$593

$107$43 $73 $34

$2867

$1969

$626

$92 $43 $49$02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

$3500

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

FY 2020 FY 2021

VARIANCE

CHANGE -48

-24

$33

56

-$15

-140-$24

-329

-$32

-941

(MILLIONS)

$00

00-$86

-30

2020-2021 OPERATIONS BUDGETED REVENUE

February

FY 2021 OPERATIONS ndash BUDGETED VS ACTUAL

February

$1768

$589

$107$43 $73 $34

$2614

$1969

$626

$92 $43 $49 $02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

BUDGETED ACTUAL

VARIANCE

CHANGE

$201

114$37

63

-$15

-140-$24

-329

-$32

-941$167

64

$00

00

(MILLIONS)

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 9: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

SOURCES amp USES

9

Sources amp Uses FINAL

Dated 04142021 | Delivered 04142021

Sources Of Funds Par Amount of Bonds $26813500000

Reoffering Premium 2213553530

Transfers from Prior Issue Debt Service Funds 256118875

Total Sources $29283172405

Uses Of Funds Deposit to Current Refunding Fund 29250211295

Costs of Issuance 32547425

Rounding Amount 413685

Total Uses $29283172405

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

PRICING REPORT

10

MATURITY MMDSpread to

MMD

2021 - -

2022 007 000

2023 011 000

Pricing Summary FINAL

Maturity Type of Bond Coupon Yield Maturity Value Price Dollar Price

06152022 Serial Coupon 5000 0070 12969000000 105761 1371614409006152023 Serial Coupon 5000 0110 13844500000 110592 15310909440

Total - - - $26813500000 - $29027053530

Bid Information Par Amount of Bonds $26813500000

Reoffering Premium or (Discount) 2213553530

Gross Production $29027053530

Total Underw riters Discount (0005) $(1340675)

Bid (108250) 29025712855

Total Purchase Price $29025712855

Bond Year Dollars $45201399

Average Life 1686 Years

Average Coupon 50000000

Net Interest Cost (NIC) 01058752

True Interest Cost (TIC) 00999949

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

DEBT SERVICE COMPARISON

11

Gross Debt Service Comparison FINAL

Date Principal Coupon Interest New DS Old DS Savings

06152021 - - - (413685) 229586125 22999981006152022 12969000000 5000 1567844931 14536844931 15124410000 58756506906152023 13844500000 5000 692225000 14536725000 15123937500 587212500

Total $26813500000 - $2260069931 $29073156246 $30477933625 $1404777379

PV Analysis Summary (Gross to Gross) Gross PV Debt Service Savings 1658255076

Transfers from Prior Issue Debt Service Fund (256118875)

Contingency or Rounding Amount 413685

Total Savings $1402549886

Total Savings $287655000 Refunded Principal 4876

Total Savings $268135000 Refunding Principal 5231

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

REMAINING FINANCING SCHEDULE

12

DATE EVENT RESPONSIBILITY

March 17Presentation of interest rate bids approval of authorizing resolutionand execute closing documents at ARDOT Commission Meeting

ARDOT FEC SI

March 18 Blacklined official statement distributed to working group for review FEC

March 22 Distribute final official statement FEC SI

April 12-13 Pre-closing to review and approve closing documents All Parties

April 14 Closing and transfer of funds All Parties

Key

ARDOT Arkansas Department of Transportation

FEC Friday Eldredge amp Clark

SI Stephens Inc

MARCH 2021

S M T W T F S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

APRIL 2021

S M T W T F S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

Consideration of Minute Orders3

Patrick PattonChief Fiscal Officer

State Highway Revenue

$2017

$593

$107$43 $73 $34

$2867

$1969

$626

$92 $43 $49$02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

$3500

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

FY 2020 FY 2021

VARIANCE

CHANGE -48

-24

$33

56

-$15

-140-$24

-329

-$32

-941

(MILLIONS)

$00

00-$86

-30

2020-2021 OPERATIONS BUDGETED REVENUE

February

FY 2021 OPERATIONS ndash BUDGETED VS ACTUAL

February

$1768

$589

$107$43 $73 $34

$2614

$1969

$626

$92 $43 $49 $02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

BUDGETED ACTUAL

VARIANCE

CHANGE

$201

114$37

63

-$15

-140-$24

-329

-$32

-941$167

64

$00

00

(MILLIONS)

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 10: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

PRICING REPORT

10

MATURITY MMDSpread to

MMD

2021 - -

2022 007 000

2023 011 000

Pricing Summary FINAL

Maturity Type of Bond Coupon Yield Maturity Value Price Dollar Price

06152022 Serial Coupon 5000 0070 12969000000 105761 1371614409006152023 Serial Coupon 5000 0110 13844500000 110592 15310909440

Total - - - $26813500000 - $29027053530

Bid Information Par Amount of Bonds $26813500000

Reoffering Premium or (Discount) 2213553530

Gross Production $29027053530

Total Underw riters Discount (0005) $(1340675)

Bid (108250) 29025712855

Total Purchase Price $29025712855

Bond Year Dollars $45201399

Average Life 1686 Years

Average Coupon 50000000

Net Interest Cost (NIC) 01058752

True Interest Cost (TIC) 00999949

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

DEBT SERVICE COMPARISON

11

Gross Debt Service Comparison FINAL

Date Principal Coupon Interest New DS Old DS Savings

06152021 - - - (413685) 229586125 22999981006152022 12969000000 5000 1567844931 14536844931 15124410000 58756506906152023 13844500000 5000 692225000 14536725000 15123937500 587212500

Total $26813500000 - $2260069931 $29073156246 $30477933625 $1404777379

PV Analysis Summary (Gross to Gross) Gross PV Debt Service Savings 1658255076

Transfers from Prior Issue Debt Service Fund (256118875)

Contingency or Rounding Amount 413685

Total Savings $1402549886

Total Savings $287655000 Refunded Principal 4876

Total Savings $268135000 Refunding Principal 5231

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

REMAINING FINANCING SCHEDULE

12

DATE EVENT RESPONSIBILITY

March 17Presentation of interest rate bids approval of authorizing resolutionand execute closing documents at ARDOT Commission Meeting

ARDOT FEC SI

March 18 Blacklined official statement distributed to working group for review FEC

March 22 Distribute final official statement FEC SI

April 12-13 Pre-closing to review and approve closing documents All Parties

April 14 Closing and transfer of funds All Parties

Key

ARDOT Arkansas Department of Transportation

FEC Friday Eldredge amp Clark

SI Stephens Inc

MARCH 2021

S M T W T F S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

APRIL 2021

S M T W T F S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

Consideration of Minute Orders3

Patrick PattonChief Fiscal Officer

State Highway Revenue

$2017

$593

$107$43 $73 $34

$2867

$1969

$626

$92 $43 $49$02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

$3500

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

FY 2020 FY 2021

VARIANCE

CHANGE -48

-24

$33

56

-$15

-140-$24

-329

-$32

-941

(MILLIONS)

$00

00-$86

-30

2020-2021 OPERATIONS BUDGETED REVENUE

February

FY 2021 OPERATIONS ndash BUDGETED VS ACTUAL

February

$1768

$589

$107$43 $73 $34

$2614

$1969

$626

$92 $43 $49 $02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

BUDGETED ACTUAL

VARIANCE

CHANGE

$201

114$37

63

-$15

-140-$24

-329

-$32

-941$167

64

$00

00

(MILLIONS)

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 11: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

DEBT SERVICE COMPARISON

11

Gross Debt Service Comparison FINAL

Date Principal Coupon Interest New DS Old DS Savings

06152021 - - - (413685) 229586125 22999981006152022 12969000000 5000 1567844931 14536844931 15124410000 58756506906152023 13844500000 5000 692225000 14536725000 15123937500 587212500

Total $26813500000 - $2260069931 $29073156246 $30477933625 $1404777379

PV Analysis Summary (Gross to Gross) Gross PV Debt Service Savings 1658255076

Transfers from Prior Issue Debt Service Fund (256118875)

Contingency or Rounding Amount 413685

Total Savings $1402549886

Total Savings $287655000 Refunded Principal 4876

Total Savings $268135000 Refunding Principal 5231

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

REMAINING FINANCING SCHEDULE

12

DATE EVENT RESPONSIBILITY

March 17Presentation of interest rate bids approval of authorizing resolutionand execute closing documents at ARDOT Commission Meeting

ARDOT FEC SI

March 18 Blacklined official statement distributed to working group for review FEC

March 22 Distribute final official statement FEC SI

April 12-13 Pre-closing to review and approve closing documents All Parties

April 14 Closing and transfer of funds All Parties

Key

ARDOT Arkansas Department of Transportation

FEC Friday Eldredge amp Clark

SI Stephens Inc

MARCH 2021

S M T W T F S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

APRIL 2021

S M T W T F S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

Consideration of Minute Orders3

Patrick PattonChief Fiscal Officer

State Highway Revenue

$2017

$593

$107$43 $73 $34

$2867

$1969

$626

$92 $43 $49$02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

$3500

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

FY 2020 FY 2021

VARIANCE

CHANGE -48

-24

$33

56

-$15

-140-$24

-329

-$32

-941

(MILLIONS)

$00

00-$86

-30

2020-2021 OPERATIONS BUDGETED REVENUE

February

FY 2021 OPERATIONS ndash BUDGETED VS ACTUAL

February

$1768

$589

$107$43 $73 $34

$2614

$1969

$626

$92 $43 $49 $02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

BUDGETED ACTUAL

VARIANCE

CHANGE

$201

114$37

63

-$15

-140-$24

-329

-$32

-941$167

64

$00

00

(MILLIONS)

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 12: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

CONFIDENTIAL AND PROPRIETARY INFORMATION OF STEPHENS INC| MEMBER NYSE SIPC

REMAINING FINANCING SCHEDULE

12

DATE EVENT RESPONSIBILITY

March 17Presentation of interest rate bids approval of authorizing resolutionand execute closing documents at ARDOT Commission Meeting

ARDOT FEC SI

March 18 Blacklined official statement distributed to working group for review FEC

March 22 Distribute final official statement FEC SI

April 12-13 Pre-closing to review and approve closing documents All Parties

April 14 Closing and transfer of funds All Parties

Key

ARDOT Arkansas Department of Transportation

FEC Friday Eldredge amp Clark

SI Stephens Inc

MARCH 2021

S M T W T F S

1 2 3 4 5 6

7 8 9 10 11 12 13

14 15 16 17 18 19 20

21 22 23 24 25 26 27

28 29 30 31

APRIL 2021

S M T W T F S

1 2 3

4 5 6 7 8 9 10

11 12 13 14 15 16 17

18 19 20 21 22 23 24

25 26 27 28 29 30

Consideration of Minute Orders3

Patrick PattonChief Fiscal Officer

State Highway Revenue

$2017

$593

$107$43 $73 $34

$2867

$1969

$626

$92 $43 $49$02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

$3500

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

FY 2020 FY 2021

VARIANCE

CHANGE -48

-24

$33

56

-$15

-140-$24

-329

-$32

-941

(MILLIONS)

$00

00-$86

-30

2020-2021 OPERATIONS BUDGETED REVENUE

February

FY 2021 OPERATIONS ndash BUDGETED VS ACTUAL

February

$1768

$589

$107$43 $73 $34

$2614

$1969

$626

$92 $43 $49 $02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

BUDGETED ACTUAL

VARIANCE

CHANGE

$201

114$37

63

-$15

-140-$24

-329

-$32

-941$167

64

$00

00

(MILLIONS)

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 13: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Consideration of Minute Orders3

Patrick PattonChief Fiscal Officer

State Highway Revenue

$2017

$593

$107$43 $73 $34

$2867

$1969

$626

$92 $43 $49$02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

$3500

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

FY 2020 FY 2021

VARIANCE

CHANGE -48

-24

$33

56

-$15

-140-$24

-329

-$32

-941

(MILLIONS)

$00

00-$86

-30

2020-2021 OPERATIONS BUDGETED REVENUE

February

FY 2021 OPERATIONS ndash BUDGETED VS ACTUAL

February

$1768

$589

$107$43 $73 $34

$2614

$1969

$626

$92 $43 $49 $02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

BUDGETED ACTUAL

VARIANCE

CHANGE

$201

114$37

63

-$15

-140-$24

-329

-$32

-941$167

64

$00

00

(MILLIONS)

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 14: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Patrick PattonChief Fiscal Officer

State Highway Revenue

$2017

$593

$107$43 $73 $34

$2867

$1969

$626

$92 $43 $49$02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

$3500

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

FY 2020 FY 2021

VARIANCE

CHANGE -48

-24

$33

56

-$15

-140-$24

-329

-$32

-941

(MILLIONS)

$00

00-$86

-30

2020-2021 OPERATIONS BUDGETED REVENUE

February

FY 2021 OPERATIONS ndash BUDGETED VS ACTUAL

February

$1768

$589

$107$43 $73 $34

$2614

$1969

$626

$92 $43 $49 $02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

BUDGETED ACTUAL

VARIANCE

CHANGE

$201

114$37

63

-$15

-140-$24

-329

-$32

-941$167

64

$00

00

(MILLIONS)

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 15: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

$2017

$593

$107$43 $73 $34

$2867

$1969

$626

$92 $43 $49$02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

$3500

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

FY 2020 FY 2021

VARIANCE

CHANGE -48

-24

$33

56

-$15

-140-$24

-329

-$32

-941

(MILLIONS)

$00

00-$86

-30

2020-2021 OPERATIONS BUDGETED REVENUE

February

FY 2021 OPERATIONS ndash BUDGETED VS ACTUAL

February

$1768

$589

$107$43 $73 $34

$2614

$1969

$626

$92 $43 $49 $02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

BUDGETED ACTUAL

VARIANCE

CHANGE

$201

114$37

63

-$15

-140-$24

-329

-$32

-941$167

64

$00

00

(MILLIONS)

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 16: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

FY 2021 OPERATIONS ndash BUDGETED VS ACTUAL

February

$1768

$589

$107$43 $73 $34

$2614

$1969

$626

$92 $43 $49 $02

$2781

$00

$500

$1000

$1500

$2000

$2500

$3000

MOTOR FUEL REGISTRATION PERMITS amp PENALTIES OTHER NATURAL GASSEVERANCE TAX

INTEREST TOTAL REVENUES

BUDGETED ACTUAL

VARIANCE

CHANGE

$201

114$37

63

-$15

-140-$24

-329

-$32

-941$167

64

$00

00

(MILLIONS)

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 17: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

189

07

196

378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLIONS)

$189

1000

$08

1143$197

1005

2020-2021 ACT 416 - BUDGETED REVENUE

February

$

$

$

$

$

$

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 18: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

369

12

381378

15

393

00

50

100

150

200

250

300

350

400

450

MOTOR FUEL ELECTRICHYBRID FEES TOTAL

BUDGET ACTUAL

VARIANCE

CHANGE

(MILLIONS)

$09

24

$03

250

$12

31

$

$

$

$$

$

2020-2021 ACT 416 - BUDGETED VS ACTUAL

February

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 19: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

10184

4410

1679

14611

9863

4539

1307

14415

00

2000

4000

6000

8000

10000

12000

14000

16000

GASOLINE DIESEL ALTERNATIVE FUELS TOTAL

FY 2020 FY 2021

VARIANCE

CHANGE

(MILLION GALLONS)

-321

-32

129

29-196

-13

-037

-222

2020-2021 FUEL CONSUMPTION

February

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 20: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Arkansas Fuel ConsumptionROLLING 12-MONTH COMPARISON

Previous 12 Months

(gallons)

Current 12 Months

(gallons)Variance

Gasoline 1511969020 1426721821 -564

Diesel 672358104 675081468 041

Alternative 2458897 1968983 -1992

Total 2186786021 2103227272 -380

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 21: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Projected Net Actual Receipts Variance Monthly Variance Actual Variance

Jul 17170000 18816487 1646487 959 959

Aug 17380000 18702853 1322853 761 859

Sept 17240000 18476462 1236462 717 812

Oct 16450000 19012252 2562252 1558 992

Nov 16880000 17479833 599833 355 866

Dec 17740000 18363093 623093 351 777

Jan 17030000 18975533 1945533 1142 829

Feb 15520000 17458638 1938638 1249 877

Mar

Apr

May

Jun

Total 135410000 147285150 11875150

2021 Sales Tax

STATE FISCAL YEAR

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 22: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Half-Cent Sales TaxPROJECTED vs ACTUTAL

Projected Net Actual Receipts Variance Percent Variance

$1393048512 $1401291660 $8243147 059

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 23: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Kevin ThorntonAssistant Chief ndash Administration

Federal Highway and

Transit Issues

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 24: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Federal Highway and Transit Funding Issues

bull Pete Buttigieg New Secretary of Transportation

bull President Signs the American Rescue Plan Act

bull Includes $577 Billion for Transportation

bull No Additional Funds for Highways

bull Reauthorization of the FAST Act

bull Next Infrastructure Bill

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 25: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Infrastructure for Rebuilding America (INFRA) Grants

bull $1 Billion Appropriated by Congress

bull Focus Areas

bull Climate Change and Environmental Justice

bull Racial Equity

bull Support Economic Vitality Nationally amp Regionally

bull Leveraging Federal Funding

bull Potential for Innovation

bull Performance and Accountability

bull Applications are due March 19 2021

bull Three Applications may be Submitted

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 26: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Interstate 40 amp Highway 59

Interchange Improvements

Future I-69

Highway 278 to Highway 65

Interstate 55

Corridor Improvements

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 27: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Randy OrtDeputy Director amp Chief Operating Officer

93rd General Assembly

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 28: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

93rd General Assembly

We Are Here

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 29: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Bill Number Bill Description Status

SB102 Changes Employer Contributions to the Retirement System Act 137

SB103 Changes DROP Contribution Requirements Act 138

SB104 Changes to Average Compensation for the Retirement System Act 149

SB105 Changes to Marriage Eligibility Requirements for the Retirement System Act 139

SB106 Changes to the Healthcare Offsets for DROP Participants Act 150

SB406 Modifies the Employeersquos Oath of Office Act 326

HB1115 Changes to Weight of Commercial Vehicles Sent to Governor

HB1602 Changes to Federal Law References Regarding Relocation Assistance House Public Transportation Committee

SB415 Adds Reference to Federal Law Regarding Relocation Assistance House State Agencies Committee

HB1418 Increases the Maximum Vehicle Height to 14rsquo on State Highways Deferred

HB1221 ARDOT Appropriation for 2021-2022 Fiscal Year (FY2022) Joint Budget Committee

ARDOT Bills93rd General Assembly

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 30: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Consultant Selection Construction Manager General Contractor

I-49Hwy 62 Interchange in Fayetteville

5

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 31: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Charging Stations for Electric

Vehicles

6

Steve Frisbee PETransportation Planning amp Policy Division Head

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 32: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Automakers Commit to

All-Electric FutureGeneral Motors sets goal of going

largely electric by 2035

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 33: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Electric Vehicle (EV)

Sales in US

bull EV are 2 of US Vehicle Sales

bull Almost half of EV sales are in CA

174 Million EV Sold since 2010

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 34: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Charging Station Locations

Source AFDC Alternative Fueling Station Locator Data

EV Charging

Stations

State Stations

Arkansas 105

Neighbor StatesTexas 1965

Missouri 956

Tennessee 573

Oklahoma 265

Louisiana 136

Mississippi 92

California 12608

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 35: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Electric Vehicle (EV)

Infrastructure

bull 1143 All-Electric Vehicles (BEV)

bull 180 Plug-in Hybrid (PHEV)

bull 20203 Hybrid Electric Vehicles (HEV)

(self-chargingdo not plug in)

105 EV Charging Stations

330 Outlets

Data Source httpsafdcenergygovstationsfindnearest

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 36: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Current Charging Options

Adds 2-5 Miles of Range

per hour charged

Adds 10-20 Miles of

Range per hour charged

Can fully charge a

depleted battery in 20

min

Data Source Austin Energy

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 37: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Volkswagen Mitigation Trust

bull $22 M for new EV Charging Stations (Level 2

amp DC Fast Charge)

bull 70-90 rebate for public stations

bull Max rebate cap $5325 - $9300

First Come First Served Basis

Electric Vehicle Supply Equipment (EVSE)

Rebate Program ndash Lead by DEQ

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 38: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Alternative Fuels

Corridor I-40bull Fast Act ndash Section 1413

bull National Network Identify Gaps

bull Designation Ready or Pending

FHWA

TDOT amp NCDOT

Working With

Data Source Tennessee DOT

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 39: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Events

UPCOMING

MARCH 23

Hot Springs Kiwanis Club Presentation (In Person)

Director TudorNoon | Hot Springs

MAY 5

Arkansas Highway Commission Business Meeting

APRIL 27

West Memphis Rotary Club Presentation (Virtual)

Director TudorNoon

APRIL 6-7

Disadvantaged Business Enterprise Conference

Director TudorTo Be Determined

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 40: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Other Business amp Discussion8

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 41: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

National Steel

Bridge Alliance

Merit Award

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 42: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Winter Weather Review9

Dave ParkerPublic Information Officer

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 43: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Teamwork

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 44: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Pro-Active

About

Winter Weather

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 45: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Weather

Channel

Interview

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 46: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

01 Little Rock National Weather Service

Feb 8 Morning Briefing

02 Preparing for the Storm

Baxter Co

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 47: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Second

Weather

Channel

Interview

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 48: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

Fox 16 Interview

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 49: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for

ldquoI heard folks talking

about being tired but

not about giving uprdquo

ndash ARDOT District Engineer

Page 50: Arkansas State Highway Commission Meeting · 2021. 3. 17. · Volkswagen Mitigation Trust • $2.2 M for new EV Charging Stations (Level 2 & DC Fast Charge) • 70-90% rebate for