State Incentive

State Infrastructure Bank Financing

Summary

SIBs were authorized in 1995 as a part of the National Highway Designation Act (NHS) to help accelerate needed mobility improvements through a variety of financial assistance options made to local entities through state transportation departments. 

The overall goal of the SIB program is to provide innovative financing methods to communities to assist them in meeting their infrastructure needs. To assist communities as they recover from the economic effects of COVID-19, the Texas State Infrastructure Bank (SIB) is providing local governments the opportunity to access funds for eligible transportation projects at 0% interest for the first three years of the loan term.