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JBC orders partial clawback from multimodal options fund, shifts $71.4 million into general fund for budget balancing
Summary
Following staff recommendations and department explanation, the committee approved transfer of $71.4 million from the Multimodal Options Fund (MMOF) into the general fund, including a decision to withhold uncontracted ARPA‑originated amounts; the committee also suspended future MMOF transfers tied to the 2021 statute in some cases.
The Joint Budget Committee approved a staff recommendation to transfer $71.4 million from the Multimodal Options Fund (MMOF) to the general fund as part of budget balancing. JBC staff explained the MMOF currently held awards and allocations, but a large portion—about $75 million—remained uncontracted and therefore not yet disbursed to local projects.
Committee staff proposed clawing back $7 million of MMOF amounts that were refinanced ARPA dollars and an additional larger amount made available by pausing or reprioritizing uncontracted awards.…
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