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IMPLEMENTING GUIDELINES 15. Geographic Equity:Funding formulas for all Alameda County as applicable in the expenditure programs will be revisited within the first five of these funds. years of the plan to ensure overall geographic equity based on population and/or other equity 20. New Agencies:New cities or new entities(such factors. Funding for capital projects will be as new transit agencies)that come into existence evaluated through the biennial capital in Alameda County during the life of the Plan improvement planning process which will could be considered as eligible recipients of include an evaluation of geographic equity by funds through a Plan amendment planning area. PROJECT FINANCING GUIDELINES AND RESTRICTIONS ON FUNDS MANAGING REVENUE FLUCTUATIONS 16. No Expenditures Outside of Alameda County: 21. Fiduciary Duty: By augmenting and extending Under no circumstances may the proceeds of this the transportation sales tax, the Alameda CTC is transportation sales tax be applied to any given the fiduciary duty of administering the purpose other than for transportation proceeds of this tax for the benefit of the improvements benefitting Alameda County. residents and businesses of Alameda County. Under no circumstances may these funds be Funds may be accumulated by the Alameda CTC appropriated by the State of California or any or by recipient agencies over a period of time to other governmental agency,as defined in the pay for larger and longer-term projects pursuant implementation guidelines. to the policies adopted by the Alameda CTC.All interest income generated by these proceeds will 17. Environmental and Equity Reviews:All projects be used for the purposes outlined in this TEP and funded by sales tax proceeds are subject to laws will be subject to audits. and regulations of federal,state and local government,including but not limited to the 22. Project and Program Financing: The Alameda requirements of the California Environmental CTC will have the authority to bond for the Quality Act(CEQA), and Title VI of the Civil purposes of expediting the delivery of Rights Act, as applicable.All projects and transportation projects and programs.The bonds programs funded with sales tax funds will be will be paid with the proceeds of this tax.The required to conform to the requirements of these costs associated with bonding,including interest regulations,as applicable.All projects that go payments,will be borne only by the capital through environmental review analyses will projects included in the TEP and any programs select the most efficient and effective project included in the TEP that utilize the bond alternative and technology for implementation to proceeds.The costs and risks associated with meet the objective of the project,and will have bonding will be presented in the Alameda CTC's clearly defined project descriptions,limits and annual Strategic Plan and will be subject to locations as a result of the environmental process. public comment before any bond sale is approved. 18. Complete Streets:It is the policy of the Alameda CTC that all transportation investments shall 23. Programming of Funds:Actual revenues may,at consider the needs of all modes and all users.All times,be higher than expected in this plan due to investments will conform to Complete Streets changes in receipts and additional funds may requirements and Alameda County guidelines to become available due to increased opportunities ensure that all modes and all users are for leveraging or project costs less than expected. considered in the expenditure of funds so that Revenue may be lower than expected as the there are appropriate investments that fit the economy fluctuates.Estimates of actual revenue function and context of facilities that will be will be calculated annually by the Alameda CTC constructed. during its annual budget process.Any excess revenue will be programmed in a manner that 19. Local Contracting and Jobs:The Alameda CTC will accelerate the implementation of the projects will develop a policy supporting the hiring of local contractors,businesses and residents from