A Capital Funding Source is a source of funds used to pay for capital expenses. There are two types:
Government Funds are funds provided by federal, state, and/or local governments. For some purposes, also includes directly generated taxes, tolls, fees, and other imposed funding sources.
Federal Funds are financial assistance from the federal government to assist in paying the operating costs of providing transit service.
State Government Funds are financial assistance obtained from a state government(s) to assist with paying the costs of providing transit services.
Local Government Funds are financial assistance from local governments (below the state level) to help cover the operating costs of providing transit service.
Directly Generated Funds are any funds where revenues are generated by or donated directly to the transit agency, including passenger fare revenues, advertising revenues, donations, bond proceeds and taxes imposed by the transit agency. Almost all such funds for capital purposes are bonds and directly imposed taxes: fares and advertising revenues are normally used only for operating expenses.
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