title
Master Fund Transfer Agreement - Deputy Director Riske-Gomez
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Requested Action(s)
recommendation
Adopt Resolution No. 12-2024 authorizing the execution of the Master Funds Transfer Agreement with Caltrans.
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Financial Impact:
None
Background Information:
Master Fund Transfer Agreement, along with the Overall Work Program and Overall Work Plan Agreement, constitutes the funding contract and requirements between the state and the Regional Transportation Planning Agency for Consolidated Planning Grant and/or Regional Planning Assistance funds.
It is an ongoing, multi-year agreement that prevails until it is amended, updated, or replaced. The provisions of the MFTA also apply to any RTPA contractors or subcontractors. The MFTA also states that the MPO/RTPA agrees to comply with all applicable state and federal laws, regulations and requirements. This agreement was provided by Caltrans and has been reviewed by Counsel.
<https://dot.ca.gov/-/media/dot-media/programs/transportation-planning/documents/final-2017-rph-11-9-17.pdf>