Arizona Contractors Reassured Funding Available thru September

July 22, 2014

Contractors received good news this morning via an AZAGC initiated conference call / webinar with the Arizona Department of Transportation (ADOT) detailing the process for Federal Fund Reimbursements to state Departments of Transportation as the federal fiscal year comes to a close and the Highway Trust Fund (HTF) balance goes negative. 

ADOT CFO Kristine Ward assured the contracting community and other stakeholders funding will be available through September 2014 for Arizona projects using federal funds.  President David Martin commented “We are fortunate to have  DOT partners with the financial prudence to begin planning for the HTF shortfall before these proposed proportional reimbursements take effect, ensuring financial security for Arizona contractors.”  Click here to view webinar slides.

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