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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
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
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
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
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
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
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
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
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
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
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
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
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
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
$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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Second
Weather
Channel
Interview
Fox 16 Interview
ldquoI heard folks talking
about being tired but
not about giving uprdquo
ndash ARDOT District Engineer
Fox 16 Interview
ldquoI heard folks talking
about being tired but
not about giving uprdquo
ndash ARDOT District Engineer
ldquoI heard folks talking
about being tired but
not about giving uprdquo
ndash ARDOT District Engineer