Common use of Restricted Sources of Local Share Clause in Contracts

Restricted Sources of Local Share. Because sources of local share differ among FTA’s public transportation assistance programs, FTA will identify in an FTA circular or otherwise whether the following sources may be used as the local share for a specific grant or cooperative agreement program: (1) Program income generated by an activity supported by a prior grant or cooperative agreement, which is a form of undistributed cash surplus, (2) Advertising revenues and concession revenues, (3) Revenues from a service agreement from a State or local social service agency or a private social service organization, (4) Third party in-kind contributions, (5) Proceeds from the issuance of revenue bonds pursuant 49 U.S.C. § 5323(e), (6) Transportation development credits (formerly toll revenue credits) pursuant to 49 U.S.C. § 120(i), and (7) Funds made available under the Federal Lands Highway Program authorized under 23 U.S.C. § 204,

Restricted Sources of Local Share. Because sources of local share differ among FTA’s public transportation assistance programs, FTA will identify in an FTA circular or otherwise whether the following sources may be used as the local share for a specific grant or cooperative agreement program: (1) Program income generated by an activity supported by a prior grant or cooperative agreement, which is a form of undistributed cash surplus, (2) Advertising revenues and concession revenues, (3) Revenues from a service agreement from a State or local social service agency or a private social service organization, (4) Third party in-kind contributions, (5) Proceeds from the issuance of revenue bonds pursuant 49 U.S.C. § 5323(e), (6) Transportation development credits (formerly toll revenue credits) pursuant to 49 U.S.C. § 120(i), and (7) Funds made available under the Federal Lands Highway Program authorized under 23 U.S.C. § 204,