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CVTA TAC debates limits on using regional funds for PE‑only projects and leveraging; keeps cap flexible
Summary
TAC discussed draft framework language limiting CBTA regional funding for PE-only (preliminary engineering) projects and agreed to remove fixed dollar amounts; members confirmed a 10% annual cap (not strictly enforced) and asked staff to clarify whether converted leveraging counts toward the cap and to prepare a list of bond-ready projects for December.
The TAC spent a substantial portion of its Nov. 4 meeting on whether CBTA regional dollars should be used to fund preliminary engineering (PE) for projects that lack identified construction funding. Staff presented framework language that would allow leveraging funds to be used to develop 30% plans but would not treat projects with only leveraged funding as "active" until they were fully funded.
Staff summarized the proposal: "Projects with funding intended for leveraging are not considered active projects until fully funded," and sponsors may…
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