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PUBLIC TRANSPORTATION DEVELOPMENT <br />GRANT AGREEMENT EXHIBITS OGCO2120 <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 />17 <br />