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Metro Finance, Budget and Audit Committee Agenda June 2025

Long Beach Transit-Linked Grant Used in Metro Fund Exchange

$360,000 fund exchange involving Federal Section 5307 discretionary funds awarded through Long Beach TransitCentral Arkansas Transit AuthorityLONG BEACH TRANSITJune 18, 2025

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Description

Federal Section 5307 discretionary funds awarded through Long Beach Transit on behalf of SCRTTC will be involved in a $360,000 fund exchange with Metro’s TDA Article 4 allocation. The transaction depends on final federal apportionments for implementation.

Contract Details

Contract Amount

$360,000 fund exchange involving Federal Section 5307 discretionary funds awarded through Long Beach Transit

Vendor

LONG BEACH TRANSIT

Agency

Central Arkansas Transit Authority, AR

Contract Type

TRANSPORTATION

Document Date

June 18, 2025

Renewal Info

One-time exchange linked to the specific grant award; no renewal or extension terms described.

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Issuing Agency

Central Arkansas Transit Authority

Special District

North Little Rock, AR

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Vendor

LONG BEACH TRANSIT

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