| (a) Planning cash flow forecast. On or before September
1 of each year, the department's chief financial officer will issue
a planning cash flow forecast for each source of funding that covers
a period of not less than the 20 years following the date the forecast
is issued and is based on the funding assumptions developed under
§16.151 of this subchapter (relating to Long-Term Planning Assumptions).
(b) Base cash flow forecast. On or before September
1 of each year, the department's chief financial officer will issue
a base cash flow forecast for each source of funding to guide the
development of the letting schedule that covers a period of not less
than two years following the date the forecast is issued.
(c) Requirements. Each forecast must identify:
(1) all state and federal sources of funding available
for transportation projects and projects involving aviation, public
transportation, rail, and the state's waterways and coastal waters,
including bond proceeds; and
(2) any limitations imposed by state or federal law
on the use of the identified source.
(d) First two years. The first year or two years of
each forecast, as appropriate, must be based on the amounts appropriated
by the legislature to the department for that period.
(e) Updates. The department's chief financial officer
will update each forecast more frequently than annually if significant
changes in the department's funding occur.
(f) Publication. Each forecast and update will be
available on the department's website for viewing by the public and
the documents will be available for review at each of the district
offices and at the department's Financial Management Division offices
in Austin.
(g) Uses of planning cash flow forecast. The commission
will use the planning cash flow forecast to estimate funding levels
for each year of the unified transportation program as provided in
§16.105 of this chapter (relating to Unified Transportation Program
(UTP)), to determine the annual amount of funding in each of the program
funding categories described in §16.153 of this subchapter (relating
to Funding Categories), and to allocate funding to the districts,
metropolitan planning organizations, and other authorized entities
in accordance with §16.154 of this subchapter (relating to Transportation
Allocation Funding Formulas).
(h) Funding definition. In this subchapter, unless
the context clearly indicates otherwise, "funds" or "funding" means
the estimates of federal, state, and local money reasonably expected
to be available for expenditure on transportation projects and projects
involving aviation, public transportation, rail, and the state's waterways
and coastal waters during the relevant period.
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| Source Note: The provisions of this §16.152 adopted to be effective January 1, 2011, 35 TexReg 8388; amended to be effective November 15, 2012, 37 TexReg 8981; amended to be effective January 1, 2017, 41 TexReg 10670 |
