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FTA’s new vanpool policy states that the credit should be handled in a similar manner as Transportation Development Credits (formerly known as toll revenue credits). What does this mean?

FTA’s new vanpool policy and Transportation Development Credits (TDC) are similar in that they both apply to the local share of a grant and permit the non-federal share of a project’s cost to be met through a credit or “soft match”. The outcome of using TDC or this vanpool policy means that FTA, in essence, provides 100 percent of the total net project cost.

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