Loan Program Guidelines

GTIB offers a transparent application process for jumpstarting, speeding up or completing innovative, mobility enhancing projects. All Georgia counties, cities, CIDs, regional planning units and transit agencies are eligible and encouraged to apply. The application process is outlined below.

Application Date

The application window for the current round of GTIB loans will be January 17 to March 17,  2017. Funds are limited so the GTIB strongly encourages the timely submittal of complete applications after the opening date. Applications will be reviewed in the order that they are received. In addition to funding availability, selection criteria will be established that will guide award recommendations. The criteria will guide project award recommendations based on the transportation benefit and economic value that the proposed project brings to local communities and/or the State. Awards may be for full or partial funding of requested amounts.

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The objectives in administering the Georgia Transportation Infrastructure Bank shall be to:

  1. Make an additional funding resource available to government units in order to initiate and complete transportation projects.
  2. Give priority to bridge and highway (road) projects that are close to the start of, at, or under construction, have a higher degree of contributed matching funds, and have been initiated by government units, particularly cities and counties. (Transit and airport projects are currently ineligible for GTIB assistance due to the fact that the primary GTIB funding is from Motor Fuel Taxes).
  3. Select projects for financing that add transportation and economic value to local communities and/or the State.
  4. Ensure consistency, fairness, and efficiency in the evaluation of applications.
  5. Provide for a smooth operational process that maintains loan and grant documents, manages the GTIB's capital prudently, tracks loan expenditures/repayments, and provides adequate reporting.

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Loan Program Guidelines


Eligible Borrowers

An "Eligible Borrower" means a "government unit"; including a municipal corporation, county, community improvement district, or any public operator of transit, including combinations of two or more of these entities, acting jointly to construct, own or operate a qualified project, or any other state authority, board, commission, agency, or department which may construct, own, or operate a qualified project. All eligible borrowers must apply for eligible projects, which is dependent upon the source of GTIB funding.

Eligible Costs

"Eligible Costs" are costs related to preliminary engineering, traffic and revenue studies, environmental studies, right of way acquisition, legal and financial services associated with the development of the qualified project, construction, construction management, facilities, and other costs necessary for the qualified project.

Eligible Projects

"Eligible Projects" are currently restricted to those roadway projects that satisfy the requirements of being "motor-fuel tax eligible"; as set forth in O.C.G.A. §32-1-1et seq. "

(Transit and airport projects are currently ineligible for GTIB assistance due to the fact that the primary GTIB funding is from Motor Fuel Tax.)

Requirement of Complete Funding:

Proposed project funding (including requested GTIB funding) must be equal to the cost to complete the eligible project.


No matching required.


  • Application Fee: The current Application Fee is $250. A check must be made payable to the State Road & Tollway Authority and be received by the GTIB within 2 weeks of online Application submittal. $50.00 of the Application Fee is non-refundable. Once the financial analysis phase of the Application begins, the remaining $200.00 of the Application Fee becomes non-refundable.
  • Loan Closing Fee: A closing fee will be calculated and assessed at closing. The borrower may choose to pay this fee directly or deduct the fee from the loan's principal amount. If the borrower chooses to have the Loan Closing Fee deducted from the principal amount, borrower must ensure that it still will meet the 100% funding requirement as that requirement is more specifically set forth in the Application.


  • The benchmark interest rate for loans will be based on the Merrill Lynch US Municipal Securities Index (U0AO) and its subsets (U1AO, U2AO, U3AO, U4AO, and U5AO). These indices may be substituted with similar indices or rates approved by the GTIB. The interest rate ceiling is determined by the end of the financial review. The term of the loan (including any spend-down period) will determine which subset of the Merrill Lynch US Municipal Securities Index will be used. Once the benchmark interest rate has been determined based on the term of the loan, the rate will be determined and may be reduced if applicable.


  • Loan Amount: A requested loan for an eligible project shall be made seeking an amount of at least $25,000. This amount is subject to change based on the avaliability of funds.
  • Loan Term: The minimum loan term will be 5 years; however, loans may be prepaid without penalty. The maximum term of a loan is limited to the lesser of 25 years (including the spend-down period) or the useful life of the project.
  • Spend-down: There will be a maximum spend-down period of 5 years. During this period, interest will accrue on any draws and compound annually. At the end of the spend-down period, any accrued interest may either be paid in full or amortized over the term of the loan.
  • Loan Repayments: Loan repayments will be due monthly and collected via automatic debit. Under certain circumstances, loan terms and schedules may be modified subject to negotiation and approval.
  • Loan Prepayment: There will be no penalty for prepayment. However, if a loan is modified, the terms of the modified loan may be negotiated on a case by case basis.
  • Interest: During the spend-down period, the GTIB will retain any interest on funds earmarked for the borrower's projects that have not yet been drawn.


  1. Applications and instructions are available from the GTIB or at the top of this website.
  2. Read all information on website regarding eligibility, loan parameters and Application requirements to verify that the proposed Applicant, project and terms are within the established guidelines.
  3. Download the Georgia Transportation Infrastructure Bank (GTIB) Application and Financial Documentation form from the GTIB website. Answer all questions fully in the space provided. If any questions are not applicable, please mark "N/A." There should be no blanks on any form. Missing information or omitted fields may cause the Application to be delayed or rejected.
  4. Submit the completed GTIB Application and Financial Documentation Form electronically per the instructions on Application Form.
  5. Within two weeks of the electronic submission of the GTIB Application and the Financial Documentation Form, the following list of items must be submitted to the GTIB by registered mail:

245 Peachtree Center Avenue NE
Suite 400
Atlanta, GA 30303

a. A check for the Application Fee of $250 payable to the State Road & Tollway Authority. 

b. An original signed copy of the GTIB Application and Financial Documentation Form as submitted online (hard copy). 

c. A map of the project with the project area and location highlighted; beginning and end points need to be clearly marked, providing sufficient detail on communities affected. (Hard copy or electronic version on CD-ROM.) 

d. Preliminary engineering plans/ cost estimation/ environmental impact studies. For public roadway projects, the Applicant shall include a preliminary design study that details initial route and potential alignments, the location of all right-of-way, facilities and equipment required to make the project functional, and any revisions or changes to the state highway system facilities necessitated by the project. All estimates for project costs must be recent or confirmed (within the last six months) by a credible consultant, CPA firm, or other trustworthy source and should be provided in the year of expenditure indicating the anticipated inflation rate. In addition, an adequate contingency amount must be included to allow for unexpected expenses. (Hard copy or electronic version on CD-ROM.) 

e. Documentation to verify funding sources: if funds other than project revenues are committed to repay the loan, such as taxes, the Applicant must provide proof of commitment of these funds such as a city/ county commission resolution. (Hard copy or electronic version on CD-ROM.) 

f. A copy of the bond-rating letter or insurance binder, if the jurisdiction has issued rated or insured debt in the past. (Hard copy or electronic version on CD-ROM.) 

g. Any other project related documents necessary to complete evaluation or referenced in the Application. (Hard copy or electronic version on CD-ROM.) 

Applicants are encouraged to confirm by email at that the materials were received by SRTA.

The GTIB realizes that costs may change or projects may be modified between the time that an Application is filed and the time of actual construction. The Applicant should inform the GTIB of all material changes, in writing, as soon as possible. If a loan agreement has not been signed and a change to the Application is required or requested, the Applicant should file a supplemental Application with the GTIB.

If the material change occurs after a loan agreement has been executed, the Applicant shall inform the GTIB, in writing, as soon as possible. The GTIB may require the borrower to submit a modification request.

Once an application is approved by the SRTA Board, the GTIB will coordinate the closing of the loan. The borrower shall pay for all of its costs incurred in the closing of the loan. Loan documents are prepared by the GTIB. The primary loan document is the loan agreement and its accompanying exhibits and forms. The loan agreement, including its exhibits, provides the terms of the loan. Draft copies of the agreement are sent to the Applicant and to Applicant's legal counsel for review. No changes to the forms are permitted without the express written approval of the GTIB.

The borrower must provide additional documents at closing. At a minimum, these will include a resolution authorizing the borrowing, an opinion of counsel addressing the legality of the transaction and such other closing documents as are required by the GTIB. If the borrower is securing the loan with a dedicated sales tax, proof of the statutorily required public approval of the sales tax must be provided. The GTIB will notify the borrower of the Closing Date.

Applicants are responsible for ensuring that all applicable federal and state requirements are met during all phases of a project. The GTIB will not monitor projects for compliance. The GTIB will rely on the written assurances of the Applicant and the Applicant's licensed professional engineer that the project meets generally recognized and prevailing engineering standards. The GTIB also will rely on the Applicant's certified inspector that the project was constructed in reasonable conformity with its plans, specifications, and any authorized revisions.

Pursuant to O.C.G.A. § 32-10-130, the state of Georgia shall withhold all or a portion of state funds and all funds administered by the state and its various entities that are or have been allotted or appropriated to the borrower and apply an amount necessary to the payment of the outstanding amount due to the GTIB. Further explanation of default is explained in the loan agreement. All Applicants should read this document carefully. 

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Click here to download the Application.

Click here to download the Financial Documentation Form.


The Applicant must provide the GTIB with a complete Application, including all supporting documentation. A copy of the Application, that includes a list of documentation needed, can be found at the top of this website. Upon receipt of the Application package, the GTIB will review the Application to determine, among other things, whether the Applicant meets the eligibility requirements described above, whether the project meets the eligibility requirements of the requested funding and whether the costs that the Applicant seeks to pay for using GTIB funds constitute Eligible Costs as described in this section of this website.

If the Application is complete and all eligibility requirements are met, the financial aspects of the Application will be reviewed. After the financial analysis is complete, the GTIB will prepare a package for the Advisory Committee. The Advisory Committee is made up of personnel from various government entities that have particular expertise in the various aspects of GTIB's programs. The Advisory Committee will review the Application Package and make a recommendation to SRTA. If the Advisory Committee does not recommend approval, a letter of denial will be sent to the Applicant. The letter will list the reason(s) for denial. If the Application received a favorable consensus from the Advisory Committee, the GTIB will prepare a package to be reviewed by SRTA. The GTIB will notify the Applicant of SRTA's decision.

 Application Review and Selection Process

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Applicants may email with questions.

Click here to read GTIB Policy

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