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WPI NO. 4815798 <br /> JOB NO. 88999-3817 <br /> CONTRACT NO. <br /> EXHIBIT"C" <br /> (For State Block Grant Only) <br /> This exhibit forms an integral part of that certain Joint Participation Agreement between <br /> the State of Florida,Department of Transportation and INDIAN RIVER COUNTY BOARD OF <br /> COUNTY COMMISSIONERS <br /> dated <br /> REF: Section 341.052 F.S. <br /> The Department shall provide block grant funds for eligible capital and operating costs of public <br /> bus transit and local public fixed guideway projects. Eligibility of this Agency to receive grant <br /> funding is provided in Sec. 341.052(1)F.S., and Section 9 and 18 of the Federal Transit Act, 49 <br /> U.S.C.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 <br /> costs directly incident to the provision of public bus transit services, excluding any <br /> depreciation or 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 <br /> such costs or an amount equal to the total revenue, excluding farebox, charter, and advertising <br /> MW <br />