LFC and DFA propose piloting new capital‑outlay prioritization using Capital Development Program Fund
LFC analysts and DFA’s infrastructure division outlined options for using the new Capital Development Program Fund (created by 2024 legislation) to pilot a grant‑style approach aimed at funding larger local projects, improving vetting and reducing unfinished appropriations.
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Legislative Finance Committee staff and the Department of Finance and Administration’s infrastructure division told the committee they can use the Capital Development Program Fund to pilot new approaches for prioritizing and funding local capital projects and to improve project vetting and completion.
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