StanCOG Approves $4.1M STBG Apportionment Loan to MTC
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Description
StanCOG approved an interregional loan of $4,102,000 in STBG Flex apportionment funds to the Metropolitan Transportation Commission, with repayment scheduled for October 1, 2024. The agreement supports transportation project delivery by allowing flexible use of federal aid between regional entities.
Contract Details
Contract Amount
$4,102,000
Vendor
METROPOLITAN TRANSPORTATION COMMISSION
Agency
Stanislaus COG, CA
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2026
Contract Term
June 20, 2024 (loaned from StanCOG), repaid October 1, 2024
Renewal Date
2024-10-01
Renewal Info
Loan to be repaid in full with equivalent apportionment in FFY 2025; no extension or renewal indicated.
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