Transit Additional Financial Assistance (SCIP II) for the Regional Transportation Authority
CSFA Number: 494-80-1125
Agency Name
Department Of Transportation (494)
Agency Contact
Joe Iacullo
312-793-0035
Joseph.iacullo@illinois.gov
Short Description
Additional Financial Assistance: additional state funding given each year to the Regional Transportation Authority equal to the debt service owed by RTA that year for the Strategic Capital improvement Program (SCIP II) bonds issued on or after January 1, 2000.
Subject Area
Economic Development
Program Function
Transportation
Enabling Legislation
Section 305 of the Civil Administrative Code of Illinois (20 ILCS 2705/2705-305) and Sections 4.09(c) and 4.09(d) of the Regional Transportation Authority Act (70 ILCS 3615/4.09(c) and 70 ILCS 3614/4.09(d)).
Types of Assistance
Project Grants
Uses and Restrictions
Funding only available for reimbursement of RTA's SCIP II debt service.
Eligibility Requirements
Funding only available to the RTA.
Eligible Applicants
Other;
Application and Award Processing
N/A
Post Assistance Requirements
Independent audit to determine eligible expense and reimbursement associated with SCIP II debt service must be submitted by RTA within 180 days of final payment.
Regulations, Guidelines, Literature
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards; see contract requirements.
Funding By Fiscal Year
FY 2015 : $91,000,000
FY 2016 : $91,000,000
FY 2017 : $91,000,000
FY 2018 : $91,000,000
FY 2019 : $91,000,000
FY 2020 : $91,000,000
Federal Funding
None
Notice of Funding Opportunities
None