Method of Financing. The total amount of Section 5316 JARC funds available to the Durham-Chapel Hill-Carrboro Metropolitan Planning Organization will be determined annually by the Federal Transit Administration (FTA). The portion of these funds to be passed through to Durham County by the City will be determined by the Durham-Chapel Hill-Carrboro Metropolitan Planning Organization (DCHC MPO) Transportation Advisory Committee (TAC) through a competitive process. Durham County will provide local matching funds as specified in this agreement and Attachment B in order to receive the Sections 5316 funds. The City will process reimbursements to Durham County, subject to the timely submission by Durham County to the City of all necessary reports and statements under the Section 5316 programs and within thirty (30) days of receipt by the City of the quarterly payment from NCDOT/FTA under the Sections 5316 programs.
Appears in 3 contracts
Sources: Pass Through Agreement, Pass Through Agreement, Pass Through Agreement