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6. Transit Center Development funds are allocated on a grant basis. Any <br />recipient of such a grant award shall enter into a separate agreement with Alameda CTC in <br />conformance with the Transit Center Development Implementation Guidelines prior to receipt of <br />such funds. The Transit Center Development Implementation Guidelines provide program <br />eligibility and fund usage guidelines, definitions, additional requirements, and guideline adoption <br />details. Said guidelines are hereby incorporated into this AGREEMENT by reference. <br />ARTICLE 2: PAYMENTS AND EXPENDITURES <br />A. Alameda CTC's Duties and Obligations <br />Within five working days of actual receipt of the monthly Measure B sales <br />tax revenues and VRF revenues from the State Board of Equalization, Alameda CTC shall remit <br />to the RECIPIENT its designated amount of pass - through funds disbursed on a monthly basis by <br />a set formula for distribution. <br />2. Alameda CTC shall annually update the Measure B sales tax revenue and <br />VRF revenue projections and the resulting funds allocation formulas to reflect the most current <br />population using the California Department of Finance's annual population estimates (Report E- <br />1 published in May); maintained road mileage from the Department of Transportation; and the <br />number of registered vehicles in each Alameda County subarea, using registered vehicle data <br />provided by the California Department of Motor Vehicles, as it is made available. Alameda CTC <br />shall use the updated Measure B and VRF program allocation formulas in the allocations <br />beginning July 1 of each new fiscal year, which is from July 1 to June 30 in the State of <br />California. <br />