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FM NO , 404692- 1 -84-01 <br /> CONTRACT NO . aNG : Fa <br /> EXHIBIT " C " <br /> ( For State Block Grant Only) <br /> This exhibit forms an integral part of that certain Joint Participation Agreement <br /> between the State of Florida , Department of Transportation and the INDIAN RIVER <br /> COUNTY BOARD OF COUNTY COMMISSIONERS Dated DEC 2 9 2003 <br /> REF : Section 341 . 052 F . S . <br /> The Department shall provide block grant funds for eligible capital and operating costs of public bus <br /> transit and local public fixed guideway projects . Eligibility of this Agency to receive grant funding is <br /> provided in Sec . 341 . 052 ( 1 ) F . S . , and Section 5307 and 5311 of the Federal Transit Act , 49 U . S . C . <br /> 5307 , and 49 U . S . C . 5311 respectively. <br /> Eligible transit capital costs means any costs that would be defined as capital costs by the <br /> Federal Transit Administration . <br /> Eligible transit operating costs are the total administrative , management, and operation costs <br /> directly incident to the provision of public bus transit services , excluding any depreciation or <br /> amortization of capital assets . <br /> Block grant funds shall not exceed local revenue during the term of this agreement . <br /> ( Local revenue is defined as the sum of money received from local government entities to <br /> assist in paying transit operation costs , including tax funds , and revenue earned from fare <br /> box receipts , charter service , contract service , express service and non - transportation <br /> activities . ) <br /> Block grant funds shall not supplant local tax revenues made available for operations in the year <br /> immediately preceding this agreement . <br /> State participation in eligible public transit operating costs may not exceed fifty (50 ) percent of such <br /> costs or an amount equal to the total revenue , excluding farebox , charter, and advertising revenue <br /> and federal funds , received by the provider for operating costs , whichever amount is less . <br /> The Agency shall require the independent auditor, retained to perform the audit as required by the <br /> Single Audit Act of 1984 , to specifically test and certify that these limitations ( . . . funds shall not <br /> exceed local revenue . . . funds shall not be expended for depreciation or amortization of capital <br />