FTA Announces New Webpage for Spare Ratio Policy Frequently Asked Questions
FTA Announces New Webpage for Spare Ratio Policy Frequently Asked Questions
Published on: November 23, 2023
FTA has updated its webpage to clarify guidance regarding the spare ratio policy, which ensures that grant recipients operate within prudent financial management guidelines and do not use federal funds to acquire rolling stock until needed.
See FTA’s new frequently asked questions webpage to learn about the range of options within this guidance for agencies to manage their fleets and local needs. The updated FAQ page showcases flexibilities to ensure that all agencies are aware of the range of fleet management options especially as more transit agencies transition fleets to zero emission technology. The updated FAQs do not change guidance but clarify existing policies regarding spare ratios.
Links:
Spare Ratio FAQs
Circular 5010 Award Management Requirements
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