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STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION TRUE COPY orm 725.000-02 <br />PUBLIC TRANSPORTATION CERTIFICATION ON LAST <br />R. SMITH, CLERK <br />GRANT AGREEMENT EXHIBITS <br />PAGEF STRATEGIC <br />DEVELOPMENTOGCO2120 <br />Transit Operating Grants billed as an operational subsidy will require an expenditure detail report from 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 invoices on schedule and the project deliverables for the year <br />have been met. <br />Page 4 of 7 <br />