Current through 2024-51, December 18, 2024
Section 229-700-5 - Distribution of Funds1. Transit Bonus Payment Program payments will be added to the allocated URIP amount for a fiscal year and paid in the regular URIP process.2. If and when the total of qualifying applications for reimbursement exceeds the threshold of the annual amount available for distribution provided under 23 MRSA §1807(4), funds will be apportioned according to the amount of each municipality's increase of qualifying expenditures since the inception of the Program. Furthermore, the Department may, under this circumstance, establish a per rider limit on State assistance.3. When a municipality receives both Urban and Rural URIP funds, all Transit Program funds will be applied to the Urban Initiative portion of the payment.17-229 C.M.R. ch. 700, § 5