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Board of Directors – September 11, 2024: Board Policy #34: PPRTA-3 State and Federal Discretionary Grant Match Fund – Draft Board Policy #34

PIKES PEAK RURAL TRANSPORTATION AUTHORITY

POLICY #34

State and Federal Discretionary Grant Match Fund Program

The “State or Federal Discretionary Grant Match Fund Program” is on the A-List for PPRTA-3, the capital authorization from January 2025 through December 2034.  This program is available to all PPRTA member governments to use for local matching funds for grants for projects for which they choose to request to allocate some of their budget funding.

To use this fund, a member government would need to make a request to the Board and receive Board approval for the member to assign some of its allocated Capital funds to this fund via the annual budget process, any mid-year budget amendment, or a line-item transfer.

The State or Federal Discretionary Grant Match Fund Program could be used to fulfill local match requirements for discretionary grants awarded by the State of Colorado (e.g. MMOF grants) or the Federal Government (e.g., INFRA, RAISE grants) or future grant opportunities resulting from a federally declared disaster.  The program is not intended to provide local match for revenue allocations administered by PPACG (e.g., STBG, TAP, CRP funding).

If the proposed grant project is NOT on the PPRTA-3 Capital A-List, a positive supermajority vote by the Board is required for B-List or non-listed projects to use the “State or Federal Discretionary Grant Match Fund Program” for future local match upon grant award.  For this program, a supermajority vote is defined as 2/3 of the Directors present at the Board meeting.