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i <br />STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION Form 726-000-02 <br />PUBLIC TRANSPORTATION STRATEGIC <br />DEVELOPMENT <br />GRANT AGREEMENT EXHIBITS 00C 02120 <br />F. Transit Operating Grant Requirements (Transit Only): <br />Transit Operating Grants billed as an operational subsidy will require an expenditure detail report frorn the Agency that <br />matches the invoice period. The expenditure detail, along with the progress report, will be the required deliverables for <br />Transit Operating Grants. Operating grants may be issued for a term not to exceed three years from execution. The <br />original grant agreement will include funding for year one. Funding for years two and three will be added by <br />amendment as.long as the grantee has submitted all in ices on schedule and the project deliverables for the year <br />have, been met. <br />18 of 25 <br />