Title
Department of Transportation recommending the Board authorize the Chair to sign the Exchange Fund Transfer Agreement No. 12-53513 with the Tahoe Regional Planning Agency allowing direct transfer of $205,256 of the Federal/State Exchange funds with the Tahoe Regional Planning Agency for Fiscal Years 2010/2011 and 2011/2012 cycles of Regional Surface Transportation Program Exchange Funds.
FUNDING: Regional Surface Transportation Program Exchange Funds.
Body
BUDGET SUMMARY:
Total Estimated Cost…………… $205,256
Budgeted…………………………
New Funding…………………….
Savings…………………………
Other*…………………………… $205,256
Total Funding Available………… $205,256
Change To Net County Cost…… $0
*The $205,256 to be secured through this Exchange Fund Transfer Agreement will be programmed in the FY 2013/2014 (FY 13/14) and FY 2014/2015 (FY 14/15) Operational Budgets as follows: $150,000 in FY 13/14 and $20,000 in FY 14/15 for Project 95186 and $35,256 in FY 14/15 for Project 95708. Both Projects with associated funds are included within the approved 2012 Capital Improvement Program (CIP).
Fiscal Impact/Change to Net County Cost
There is no change to net County cost. Funds will be programmed in FY 13/14 and FY 14/15 budget accordingly.
Background
Section 182.6(g) of the Streets and Highways Code authorizes the Tahoe Regional Planning Agency (TRPA) to exchange the assigned Federal apportionments made available to TRPA under the Safe, Accountable, Flexible, Efficient, Transportation Equity Act - A Legacy for Users (SAFETEA-LU), Regional Surface Transportation Program (RSTP), for nonfederal State Highway Account funds. Through Agreements [Agreement numbers: X11-6125(027) and X12-6125(028)} pursuant to Section 182.6 of the Streets and Highways Code, between Caltrans and TRPA, these funds have been exchanged for a like amount of State funds. TRPA has accumulated these funds over prior period funding cycles and the activities proposed by the Department of Transportation (Depa...
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