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gmbond -- Proposition 1B/Distribution of Initial Bond Funds to Restart Projects
Posted: 22 May 2009 14:13:23
We have posted a list showing the distribution of initial bond funds to restart a subset of Proposition 1B projects for goods movement and school buses on our website. The address is http://www.arb.ca.gov/gmbond. The Board awarded over $246 million in first year funds for goods movement projects to local agencies in Spring 2008. These projects have been suspended since December 2008 due to the lack of bond funding. ARB has now received $110 million in bond monies to support these existing grant awards. The posted list indicates which local agency projects are receiving these initial funds. ARB will be formally notifying local agencies via letter that they are authorized to restart certain projects up to the specified dollar amounts. When the letters are sent, we will post them on the webpage. On May 28, 2009, the Board will consider staff’s proposal to make limited changes to the current Program Guidelines, support transfer of funds to backup projects, and amend the existing grant agreements to reflect the funding delay and other developments. Please see the meeting notice on the website for a description of these changes. Note: the May 28th Board item does not include the comprehensive update to the Program Guidelines that we are developing for the next funding cycles. Staff will hold public workshops in Summer 2009 to continue discussion on those updates. We expect to present the updated Guidelines to the Board in Fall 2009, followed by award of the next round of funding as bond monies become available. If you have any questions, you can contact us at gmbond@arb.ca.gov or (916) 44-GOODS (444-6637).