Debt Service Reserve Pilot Program

Printer Friendly Number 2007-05

January 12, 2007


Mass Mailout Number III-2007-5


Subject:  Notice of Solicitation of Proposal to Participate in the Debt Service Reserve Pilot Program


Dear Transit Colleague:


FTA issued a Federal Register Publication concerning the solicitation of proposals to participate in the Debt Service Reserve Pilot Program.  It was initially published in the October 11, 2007 Federal Register on pages 78267 through 78268.  This notice is a solicitation for proposals from public transportation agencies currently receiving grant funds under the Urbanized Area Formula Program at 49 U.S.C. 5307 to establish a debt service reserve fund in connection with bonds to be issued in support of a public transportation project.  It can be retrieved online through the Federal Register Main Page,  Enter page number 78267 into the quick search.


Please address questions concerning this notice to Paul Marx, Office of Budget and Policy in FTA Headquarters at (202) 366-1675 or email


Please feel free to distribute this throughout your organization as appropriate.






Susan Borinsky

Regional Administrator