R94-116 AUTHORIZING AN AGREEMENT WITH THE UNITED STATE DEPARTMENT OF TRANPORTATION

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�,, - �„ f. Annual Report on Advertisin�and Concession Revenues. The Grant Recipient agrees to submit an annual report to FTA on advertising and concession revenues and sales. The Grant Recipient may satisfy this requirement by submitting the necessary data in its quarterly financial reports. g. Transit Securitv. Each fiscal year, the Grant Recipient agrees to spend for transit security projects at least one percent of its funds derived from section 9 of the Federal Transit Act, as amended, 49 U.S.C. § 1607a, unless the Grant Recipient has certified to FTA that such expenditures are not necessary. h. Use of FTA Funds for Operating Assistance Projects. Provided that the applicable operating assistance limitation is not exceeded, section 9 assistance provided under this Grant Agreement for operating assistance may be applied to the Net Project Cost of the Grant Recipient's operating expenses incuned during the project time period specified in the Approved Project Budget. Section 8. Proiect Mana�ement Plan for Major Capital Projects. For each major capital project, the Grant Recipient agrees to implement a project management plan, as approved by the Government, in accordance with the requirements of section 23 of the Federal Transit Act, as amended, 49 U.S.C. app. § 1619, and applicable implementing regulations that may be issued thereunder. Section 9. The Grant Ag�reement, a. This Grant Agreement consists of two parts: this Part I of II, "Notification of Grant Approval and General Provisions," Form FTA 3&9(C), December 1993; and Part II of II, "Federal Transit Administration Agreement, Terms and Conditions," Form FTA II(C), December 1993. The latest Approved Project Budget is incorporated herein by reference and made part of this Grant Agreement, Should the Federal assistance award letter include special conditions for the Project or the projects in this Program, that letter is incorporated herein by reference and made part of this Grant Agreement. b. An amendment to any of these documents shall require a formal amendment to this Grant Agreement, except that a re-allocation of funds among budget items or fiscal years without increasing the total amount of the Federal financial assistance awarded may be made in accordance with all applicable FTA circulars and regulations. Any amendment granting additional financial assistance shall require the issuance of a new Approved Project Budget. Section 10. Execution of the Grant Agreement. This Grant Agreement may be simultaneously executed in several counterparts, each of which shall be deemed to be an original Page 4