This Memorandum of Understanding (MOU) outlines the process for sub-allocating Federal Transit Administration (FTA) Formula Funds to the Raleigh Urbanized Area (UZA). The MOU establishes the methodology and responsibilities for the distribution and use of FTA funds among the participating parties, including the City of Raleigh, GoTriangle, and other local transit providers. The agreement aims to maximize funding to the Raleigh UZA and ensure compliance with FTA standards and requirements.
Details
Subject
Raleigh UZA Funding Allocations
Summary
This Memorandum of Understanding (MOU) outlines the process for sub-allocating Federal Transit Administration (FTA) Formula Funds to the Raleigh Urbanized Area (UZA). The MOU establishes the methodology and responsibilities for the distribution and use of FTA funds among the participating parties, including the City of Raleigh, GoTriangle, and other local transit providers. The agreement aims to maximize funding to the Raleigh UZA and ensure compliance with FTA standards and requirements.