WASHINGTON - States are weighing whether to modify their long-term transportation finance plans because of questions about the future sustainability of the beleaguered federal highway trust fund, after some already were forced to shelve $1 billion of grant anticipation bond deals due to unfavorable market conditions.

Grant anticipation revenue vehicles, or Garvee bonds, typically are issued by state governments to finance the construction of transportation projects and are repaid primarily with money from the federal highway trust fund. If that money is delayed or withheld, states might have to stop or postpone infrastructure projects or even use state funds to repay the debt service.

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