DALLAS — Michael Cheroutes, a Denver attorney and expert in public finance, will guide Colorado’s search for new highway funding mechanisms as the first director of its High Performance Transportation Enterprise agency.

Cheroutes served on Gov. Bill Ritter’s blue-ribbon committee on transportation finance, which led to the 2009 passage of the Funding Advancements for Surface Transportation and Economic Recovery program, known as FASTER. The same legislation also created HPTE as a government-owned enterprise within the Colorado Department of Transportation.

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