Is preference given for non-attainment areas even though it is not required?
No, this is no longer a program requirement or selection criterion.
Public Transit
Legacy ID
301
How do I calculate the value of a van I acquired before joining the vanpool program?
If a participant acquired a van before joining the vanpool program, the value of the van should be calculated by applying straight-line depreciation beginning on the date the van was first used in the program and subtracting any federal, state or local participation, as cited in FTA circular...
How will this new vanpool policy affect leased vans?
If the amounts expended for acquisition of a van is undertaken through a third party leased van, the third party should follow FTA’s Capital Cost of Contracting guidance found in chapter IV, pages 11-13 of FTA circular 9030.1E to determine the amount that can be treated as local match.
Where should grantees enter vanpool credit amounts in FTA’s EAMS (e.g. TEAM/TrAMS) to track the vanpool credit to be used as local match?
The vanpool policy states that vanpool credits should be treated in the same manner as TDC, therefore, grantees should use the TDC line in the EAMS to record the vanpool credits to be used as local match. Whenever a grantee proposes to use vanpool credits as local match, FTA regional staff...
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...
If there is any residual local match from the vanpool fares after vanpool subsidies and related costs are met, can the remaining match be used for other programs?
Yes, the local match resulting from private providers’ rolling stock investments qualifies as match for any Chapter 53 grant in the grantee’s area.
Where should the grantee maintain documents justifying the use of credit as local match?
This information should be included in the grantee’s file and available for review upon request by FTA regional staff.
How would a grantee record the credit to be used as local match?
The information requested in the charts above can be attached in FTA’s Electronic Award Management System (EAMS), (e.g. TEAM or TrAMS).
What information must be provided if a grantee is seeking credit towards its local share without the use of Federal funds?
If a grantee is seeking credit towards its local share without the use of Federal funds, they must provide the following information:
Year of PurchaseVehicle Identification Number(A) Cost of Van(B) Amount of state or local financial assistance(C) Amount available as credit (A-B)(D) Amount...What information must be provided if a grantee is seeking credit towards its local share with the use of Federal funds?
If a grantee is seeking credit towards its local share with the use of Federal funds, they must provide the following information:
Year of PurchaseVehicle Identification Number(A) Cost of Van(B) Amount of federal financial assistance(C) Required local match(D) Amount of state or local...