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CVTA finance committee delays decision on Round 4 unallocated funds after debate over deallocation policy
Summary
Staff presented five options for handling Round 4 unallocated funds, including deallocating three projects or advancing bond candidate right‑of‑way; committee members raised concerns about jurisdictional consultation (Ashland absent) and deferred the decision to a specially called Feb. 27 finance committee meeting.
The Central Virginia Transportation Authority finance committee heard a staff presentation on options for distributing unallocated Round 4 funds and voted to defer a final recommendation to a specially called finance committee meeting on Feb. 27 to allow TAC and member localities additional time to review proposals.
Mister Parsons, presenting the staff report, described five options in the agenda packet for handling unallocated balances: leave the balance unprogrammed; allow the next project in each category to reduce its request and receive the balance; fund two projects and split the remainder among bond‑candidate projects to advance right‑of‑way; use the entire balance to advance…
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