54-4-404 - Allocation and expenditure of funds Matching funds Bridge replacement. - Tennessee Statutes

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54-4-404. Allocation and expenditure of funds Matching funds Bridge replacement.

(a) Funds appropriated to the state-aid highway system shall be allocated to the local agencies to be expended upon the designated highways and roads by the same formula as is set forth in § 54-4-103.

(b) No funds shall be either obligated or expended under this program unless the local agency agrees to match the proposed expenditures in an amount of twenty-five percent (25%). All of the required match or a portion of the match may be provided by in-kind contributions.

(c) A local agency may choose to transfer up to fifty percent (50%) of its funds allocated for the state-aid highway system to its state off-system bridge replacement program, in which case the matching requirements for bridge replacement projects as set forth in Acts 1982, ch. 916, § 11, Item 48, shall apply. It may choose to transfer up to that amount to participate in the federal-aid bridge replacement and rehabilitation program.

[Acts 1983, ch. 320, § 2; 1985, ch. 219, § 1; T.C.A., § 54-6-204.]

State Codes and Statutes

Statutes > Tennessee > Title-54 > Chapter-4 > Part-4 > 54-4-404

54-4-404. Allocation and expenditure of funds Matching funds Bridge replacement.

(a) Funds appropriated to the state-aid highway system shall be allocated to the local agencies to be expended upon the designated highways and roads by the same formula as is set forth in § 54-4-103.

(b) No funds shall be either obligated or expended under this program unless the local agency agrees to match the proposed expenditures in an amount of twenty-five percent (25%). All of the required match or a portion of the match may be provided by in-kind contributions.

(c) A local agency may choose to transfer up to fifty percent (50%) of its funds allocated for the state-aid highway system to its state off-system bridge replacement program, in which case the matching requirements for bridge replacement projects as set forth in Acts 1982, ch. 916, § 11, Item 48, shall apply. It may choose to transfer up to that amount to participate in the federal-aid bridge replacement and rehabilitation program.

[Acts 1983, ch. 320, § 2; 1985, ch. 219, § 1; T.C.A., § 54-6-204.]

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State Codes and Statutes

Statutes > Tennessee > Title-54 > Chapter-4 > Part-4 > 54-4-404

54-4-404. Allocation and expenditure of funds Matching funds Bridge replacement.

(a) Funds appropriated to the state-aid highway system shall be allocated to the local agencies to be expended upon the designated highways and roads by the same formula as is set forth in § 54-4-103.

(b) No funds shall be either obligated or expended under this program unless the local agency agrees to match the proposed expenditures in an amount of twenty-five percent (25%). All of the required match or a portion of the match may be provided by in-kind contributions.

(c) A local agency may choose to transfer up to fifty percent (50%) of its funds allocated for the state-aid highway system to its state off-system bridge replacement program, in which case the matching requirements for bridge replacement projects as set forth in Acts 1982, ch. 916, § 11, Item 48, shall apply. It may choose to transfer up to that amount to participate in the federal-aid bridge replacement and rehabilitation program.

[Acts 1983, ch. 320, § 2; 1985, ch. 219, § 1; T.C.A., § 54-6-204.]