Friday, August 22, 2008
Transit funding categories are indicated generally by reference to federal statutory categories and are identified as follows:
Casino Revenue
Annual allocation of the 7.5% of the Casino Tax Fund appropriated for transportation services for senior and disabled persons.
COPS (Certificates of Participation)
Funds freed up on existing COPS Notes substituting insurance policy for a cash reserve fund to guarantee payment to the note holders.
CMAQ (Congestion Mitigation and Air Quality)
This federal-aid funding category was established under the federal Inter modal Surface Transportation Efficiency Act (ISTEA) to support projects which improve air quality and/or relieve congestion without adding new highway capacity. These funds are especially targeted for states like New Jersey with serious air quality problems.
FFGA (Full Funding Grant Agreements)
FFGAs are authorized under Federal transit law and are the designate means for providing new starts funds to projects.
Casino Revenue
Annual allocation of the 7.5% of the Casino Tax Fund appropriated for transportation services for senior and disabled persons.
COPS (Certificates of Participation)
Funds freed up on existing COPS Notes substituting insurance policy for a cash reserve fund to guarantee payment to the note holders.
CMAQ (Congestion Mitigation and Air Quality)
This federal-aid funding category was established under the federal Inter modal Surface Transportation Efficiency Act (ISTEA) to support projects which improve air quality and/or relieve congestion without adding new highway capacity. These funds are especially targeted for states like New Jersey with serious air quality problems.
FFGA (Full Funding Grant Agreements)
FFGAs are authorized under Federal transit law and are the designate means for providing new starts funds to projects.


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