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Financial Project No. 407190x14"2 <br /> Contract No. Qt� �_rp'J <br /> Agreement Date <br /> EXHIBIT "c " <br /> ( For State Block Only ) <br /> This exhibit forms an integral part of that certain Joint Participation Agreement between the State of Florida , <br /> Department of Transportation and Indian River County Board of County Commissioners <br /> 1840 25th Street Vero Beach FL 32960-3365 <br /> referenced by the above Financial Project Number. <br /> REF: Section 341 . 052 F. S. <br /> The Department shall provide block grant funds for eligible capital and operating costs of public bus transit and local <br /> public fixed guideway projects . Eligibility of this Agency to receive grant funding is provided in Sec. 341 . 052( 1 ) F.S . , and <br /> Sections 5307 and 5311 of the Federal Transit Act, 49 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 Federal Transit <br /> Administration. <br /> Eligible transit operating costs are the total administrative , management, and operation costs directly incident to <br /> the provision of public bus transit services, excluding any 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 assist in paying transit <br /> operation costs, including tax funds, and revenue earned from fare box receipts, charter service , contract <br /> service, express service and non - transportation activities. ) <br /> Block grant funds shall not supplant local tax revenues made available for operations in the year immediately preceding <br /> this agreement. <br /> State participation in eligible public transit operating costs may not exceed fifty (50) percent of such costs or an amount <br /> equal to the total revenue , excluding farebox, charter, and advertising revenue and federal funds, received by the <br /> provider for operating costs , whichever amount is less. <br /> Page 1 of 2 <br />