Title
NC 540 Bonus Allocation Update
Alex Rickard / MPO Staff
Body
MPO staff will provide an update on the TIP projects programmed with NC 540 Bonus Allocation (BA) funding from R-2721 & R-2828. Staff will also provide an overview of the MPO’s Bonus Allocation programming methodology in preparation of the R-2829 Bonus Allocation funding (June 2024). Staff will provide information regarding the study area, the draft candidate project list, and remaining schedule for R-2829 BA.
R-2829 Bonus Allocation Schedule
April - MPO staff presents recommendations for BA programming
April/May - 30-Day public comment period & Public Hearing
June/August - Projects to be included in TIP Amendment #5
-Posted in June 2024, Adopted in August 2024
July 1, 2024 - BA funds become available
June 30, 2029 - Funding must be obligated
Requested Action: Action Receive as information.