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Will FTA allocate additional funds to a transit agency if the agency proposes to utilize Transportation Development Credits (also known as TDCs and previously known as Toll Revenue Credits)?

Pursuant to Federal Register notice 83 FR 25108 section I.H, “the use of TDCs means that no local funds will be required for projects in the grant, and that the funds allocated by FTA may not alone be sufficient to fund the entirety of the proposed Emergency Relief projects. FTA will not allocate additional Federal funds to recipients that use TDCs in place of the non-Federal share, so sufficient alternative funds may need to be located to fully finance projects utilizing TDCs.”

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