Typically, transit agencies receive federal grant funds from several categories; including Section 5307 – Urbanized Area Formula, Section 5309 – Capital Investment, Section 5310 – Enhanced Mobility of Seniors and Individuals with Disabilities, Section 5337 – State of Good Repair, Section 5339 – Bus and Bus Facilities, Congestion Mitigation/Air Quality Improvement Program (CMAQ), and Surface Transportation Block Grant Program (STBG). In FY2020 and FY2021, transit received additional grant funding from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (CRRSAA), and the American Rescue Plan Act of 2021 (ARP) to help compensate for reduced revenues from sales tax and fares and cover additional coronavirus-related costs. Join us for a transit-agency-only discussion on federal funds draw and use strategies.
Learn the factors that agencies consider in developing strategies to draw, match, and use federal funds.
Examine the specific aspects of federal regulations influencing agency decisions, including the use of toll credits.
Obtain insight on the funding objectives developed by sister agencies and the resulting specific strategies employed.
Hear the relief fund approaches used by agencies in light of these strategies.
Gain awareness of local efforts by agencies to secure federal discretionary funding.
TFLEx members may join this call free of charge. In the Zoom app enter the meeting ID and passcode sent via email. Please check your inbox. For more information contact Joe Costello, Costello Consulting, (708) 606-0811, firstname.lastname@example.org.
Participants will earn 1.0 CPE credit.
Field of Study: Finance
Additional Information Prerequisites: None Advanced Preparation: None Program Level: Basic Delivery Method: Group Internet Based
The Transit Finance Learning Exchange (2300 Downing Avenue, Westchester, IL) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.NASBARegistry.org.
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