| | TEA-21 - Questions & Answers: #1303 |
 | | The State-retained Federal share of net income must be used on either a Federal- aid project or a State-funded project that is eligible for Title 23 funding. |
 | | uestion 1303-5: In order for an acquiring agency to retain the proceeds from the sale, lease, etc. of property acquired with Federal assistance, Section 1303 provides that the agency shall charge, at a minimum, the fair market value of the property to be leased or sold. |
 | | If the referenced CFR sections are eliminated, and all income can now be handled under the amended section 156 procedures, is it necessary to be concerned whether a project is open or closed? |
| www.fhwa.dot.gov /tea21/qanda/1303_qa.htm (1867 words) |