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unless an exception is requested in writing and approved by the Alameda CTC Board. If an <br /> undesignated fund reserve is established by RECIPIENT, it must be done as part of the Annual <br /> Program Compliance Reporting process as defined in Article 4.A.3. <br /> a. RECIPIENT shall report the range of potential uses for the reserve <br /> funds in its annual audit and compliance report. <br /> C. Rescission of Funds Policy: If RECIPIENT does not meet the timeliness <br /> requirements set forth in Sections A and B. Alameda CTC may determine that RECIPIENT does <br /> not need the unspent funds. In such case, unless the RECIPIENT requests and Alameda CTC <br /> approves an extension to the applicable deadline for the Capital Fund Reserve as described in <br /> Article 3. B. 1. RECIPIENT must return unspent funds and all interest earned thereon to <br /> Alameda CTC. All such funds returned to Alameda CTC shall be placed into an account for <br /> reallocation to the same programmatic type for transportation improvements in the county. <br /> D. Other Expenditure Restrictions: <br /> 1. Transportation Purposes Only: RECIPIENT shall use all Measure B <br /> and VRF funds solely for transportation purposes as defined by the authorizing ballot measures. <br /> Any jurisdiction that violates this provision must fully reimburse all misspent funds, including all <br /> interest earned thereon. <br /> 2. Non- Substitution of Funds: RECIPIENT shall use Measure B, pursuant <br /> to PUC 180000 et seq.. and VRF funds to supplement and not replace existing property taxes <br /> used for transportation purposes. <br />