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Transit Program of Projects for FY 2024
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BRIEF OVERVIEW
Agencies applying for multi-year Federal funding assistance for transit related activities must annually publish a “Program of Projects (POP) and Proposed Budget” for the transit program and conduct a public hearing to satisfy the public participation requirements. The POP contains multi-year activities consistent with the adopted Transit Development Plan (TDP) that will be reimbursed by grant funding.
Capital activities are eligible for reimbursement at 100% with the use of State toll revenue credits as a soft match if approved. The grant application will be made based upon this Program. Any changes to the POP or funding apportionment will be posted at www.hernandobus.com and will be considered the final FY 2024 POP.
The POP coincides with the Federal Apportionment amounts (copies attached) of $4,019,825 for Section 5307 and $262,953 for Section 5339.
FINANCIAL IMPACT
Funding for these grants will be programmed into the fiscal year budget after awarded.
LEGAL NOTE
The Board has the authority to act on this matter pursuant to Chapter 125, Florida Statutes.
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RECOMMENDATION
It is recommended that the Board approve the Fiscal Year 2025 Program of Projects (POP) for the mass transit system.