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Community Development Services, Department of Transportation, recommending the Board authorize the Chair to sign the Federal Apportionment Exchange and State Match Program Agreement X17-5925(159) with the California Department of Transportation, allowing direct exchange with the State of $359,164 in Fiscal Year 2016/17 Regional Surface Transportation Program Exchange Funds and allowing for the disbursement of $100,000 in State Match Funds (total funding to be received is $459,164).
FUNDING: Regional Surface Transportation Program Funds. (100% - State)
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DEPARTMENT RECOMMENDATION
Community Development Services, Department of Transportation (Transportation), recommending the Board authorize the Chair to sign the Federal Apportionment Exchange and State Match Program Agreement X17-5925(159) (Agreement), with the California Department of Transportation (Caltrans), allowing direct exchange with the State of $359,164 in Fiscal Year 2016/2017 Regional Surface Transportation Program (RSTP) Exchange Funds and allowing for the disbursement of $100,000 in State Match Funds. This recommended action will allow the Road Fund to receive $459,164 of State revenue.
DISCUSSION / BACKGROUND
Section 182.6 of the Streets and Highways Code, as modified, authorizes the County to exchange the assigned Federal apportionments made available to the County under the Moving Ahead for Progress in the 21st Century Act (MAP-21), Regional Surface Transportation Program (RSTP), for nonfederal State Highway Account funds.
In accordance with the Agreement between the County and Caltrans, $359,164 in Federal funding (Section 182.6 of the Streets and Highways Code) is being exchanged for a like amount of State funds. An additional $100,000 of State Matching funds (Section 182.9 of the Streets and Highways Code) is also being made available. By exchanging the Federal monies with State monies, funds become less restrictive in use. The funding Transportation is seeking to exchange is f...
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