Laserfiche WebLink
ACTIA 2002-26.01 <br />APPENDIX B <br />POLICY REGARDING THE DEFINITION AND USE OF EXCESS REVENUES AND <br />UNUSED FUNDS <br />Excess Revenues <br />Excess Revenues are those funds that exceed the funding shown in Alameda County's 20-year <br />Transportation Expenditure Plan (PLAN). Excess revenues can come from higher than expected <br />receipts or lower than expected project costs. <br />Excess revenues are programmed annually in the ACTIA Strategic Plan based on geographic <br />equity and the following priorities: <br />1. Meet the unanticipated needs of Tier 1 projects over the PLAN amount. <br />2. Address gaps in Special Transportation Service For Seniors And People With <br />Disabilities. <br />3. Fund Tier 2 projects. <br />Unused Funds <br />Unused Funds are those funds that become available should a planned project become infeasible, <br />unfundable or funded by others due to circumstances unforeseen at the time of the PLAN <br />preparation. <br />Unused Funds will be programmed to another project in the same planning area with the <br />approval of a majority of the cities (and County for unincorporated areas) representing a majority <br />of the population in the planning area. <br />Any project eligible for funding must be in the PLAN. The PLAN may be amended by a two- <br />thirds vote of the ACTIA Board. All jurisdictions within the County will be given a minimum of <br />45 days to comment on the proposed PLAN amendment. <br />Page D-5 <br />