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Authority approves PPA amendment to allow early access to unused federal funds
Summary
The Diversion Authority Finance Committee approved Amendment No. 2 to the Project Partnership Agreement with the U.S. Army Corps of Engineers, allowing non‑federal sponsors to access unused federal funds before final Corps administrative closeout; the committee approved the amendment by roll call.
The Metro Flood Diversion Authority Finance Committee on April 22 approved Amendment No. 2 to the Project Partnership Agreement (PPA) with the U.S. Army Corps of Engineers that will allow non‑federal project sponsors earlier access to unused federal funds.
John Shockley told the committee that under the existing PPA the Corps would not return unused federal funds to non‑federal…
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