Fixed Guideway Infrastructure Investment
| Fixed Guideway Infrastructure Investment |
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The March 5, 2009, Federal Register Notice [HTML] included an apportionment table for the $742.5 million provided to urbanized areas through the Section 5309 Fixed Guideway Modernization program. Funds were apportioned directly to 39 urbanized areas under the first four tiers of the seven-tier statutory formula. All of these areas have fixed guideway transit systems that include segments more than seven years old and one mile in length. Fifty percent of each of these 39 apportionments must be obligated by September 1, 2009, to avoid losing the balance of that amount remaining unobligated. The balance of the initial apportionment must be obligated by March 5, 2010. All funds, including balances withdrawn from areas that did not meet the obligation deadlines and redistributed, must be obligated by September 30, 2010. Once obligated, funds must be disbursed by September 30, 2015. Any balances remaining after that date will revert to the U.S. Treasury. |
