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Measure B funds continue to flow and the new VRF funds can be allocated per the Master Program Funding Agreement. There are two additional deadlines associated with the Master Program Funding Agreement: 1) The city's adoption of a Complete Streets Policy by June 30, 2013, and 2) Completion of an update to the City's Bicycle and Pedestrian Plan by December 31, 2015, both of which are required per the Bicycle and Pedestrian Implementation Guidelines. Master Program Funding Agreements The Master Program Funding Agreement specifies the types of funds that the agencies/jurisdictions can receive from the Commission, including Measure B and VRF pass-through and grant funds. For example, a single Master Program Funding Agreement captures all the following types of distributions: • Bicycle and Pedestrian Safety: Measure B pass-through funds, grants, and VRF funds • Local Streets and Roads: Measure B pass-through funds and VRF pass-through funds • Mass Transit: Measure B pass-through funds, grants, and VRF grant funds, which could apply to Paratransit services as well. • Paratransit: Measure B pass-through funds, grants, and stabilization funds, including base program and minimal service level funds, and VRF transit funds • Transportation Technology Funds: VRF funds • Transit Center Development Funds: Measure B funds Implementation Guidelines The Implementation Guidelines for each program specify the requirements that local jurisdictions must follow in their use of Measure B and VRF funds. The guidelines are incorporated by reference in the Master Program Funding Agreement and were developed in this manner to allow the Commission to update them more frequently than the updates to the Master Program Funding Agreement to address policy, legislative, or other issues as they arise over time. The intent of the implementation guidelines is to provide guidance on eligible uses and expenditures of each fund type, define terms in the Master Program Funding Agreement, and guide specific fund implementation. The implementation guidelines include the following: • Purpose • Definition of terms • Fund Allocation methods and eligibility, including eligible and non-eligible costs • Specific policies related to specific fund sources • Opportunities for advancement of funds • Implementation Guidelines adoption Page 3 of 4