WS - CAPITAL IMPROVEMENT PROGRAM (CIP) FY 13-14_HANDOUT

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DESCRIPTION OF FUNDING SOURCES FEDERAL DEMONSTRATION FUNDS (FED DEMO) - From 1970 until passage of the Intermodal Surface Transportation Efficiency Act of 1991 (1991 ISTEA, Public Law 102 -240), Congress authorized more than 450 demonstration, priority, pilot, or special interest projects in various Federal -aid highway and appropriations acts. These projects were generically referred to as "demonstration" or "demo" projects, because Congress initiated this practice of providing special funding for these projects to demonstrate some new or innovative construction, financing, or other techniques on specific projects. • DEMO CA2r-' The DEMO 257 funds are derived from unobligated funds from the Surface Transportation Program. These funds were appropriated to the Bristol Multi Modal Corridor in Section 117 Appropriations Act, 2005 (Public Law 108 -447) for preliminary engineering. These funds are available until expended, and the Federal share is 100 percent. • DEMO CA75 The DEMO 756 funds are derived from previously unobligated funds from the Surface Transportation Program. These funds were appropriated to the Bristol Multi Modal Corridor in Section 112 of Division A of the Transportation, Treasury, Housing and Urban Development, the Judiciary, the District of Columbia, and Independent Agencies Appropriations Act, 2006 (Public Law 109115). These funds are available until expended, and the Federal share is 100 percent. -2- 5/13/2013 GAS TAX Gas Tax funds are derived from the Motor Vehicle Fuel Tax (HUTA or Highway Users Tax Account). Motorists pay a tax for fuel consumption. It is apportioned to cities according to population and can only be utilized in the maintenance and construction of the street system. Examples of programs funded by Gas Tax include Roadway Markings /Signs, as well as Traffic Signals, Street Maintenance and Street Rehabilitation. In 2002, California voters passed Proposition 42, which dedicated gas tax revenue to transportation projects. Under a new law enacted in March 2010, the revenues to local streets and roads for Proposition 42 ceased in FY 2009 -2010 and the monies allocated to replace these funds in FY 2010 -2011 are a new category of HUTA (Gas Tax) funds. HIGHWAY SAULIV IMPROVEMENT PROGRAM Federal funds for highway related traffic safety improvements replaces HES funds. MEASURE M2 On November 7, 2006, voters approved the renewal of the Measure M half -cent sales tax (Measure M2), extending the program over a 30 -year period beginning in 2011. In addition to the original three program components, this generation of the Measure M Transportation Plan expands the program to include Environmental Cleanup and Taxpayer Safeguards and Audits.