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TAC begins narrowing options for $5.05 million in interest earnings for regional projects
Summary
The TAC reviewed options for allocating roughly $5.05 million in interest earnings set aside for regional project development, asked staff to update project cost and balance data, and agreed to revisit the list at its next meeting after localities supply updated estimates.
The Central Virginia Transportation Authority Technical Advisory Committee discussed March 10 how to allocate $5,050,000 of interest earnings that were set aside at the authority’s September meeting for regional project development.
Staff presented three broad options: 1) top up outstanding balances on already approved CVTA regional projects; 2) allocate funds to new or candidate regional projects that applied in previous rounds but were not selected; or 3) use the funds as matching or leverage for…
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