What Happens After a Project is Adopted in NVTA’s Six Year Program?
- Funding Appropriation: When the project sponsor is ready to begin utilizing NVTA funding, a request for appropriation is made during NVTA’s annual budget cycle. NVTA appropriates the total approved funding amount in that fiscal year’s budget, even though projects typically take several years to complete.
- Agreement is Signed: The project sponsor and NVTA sign a Standard Project Agreement (SPA). The SPA is a contract for the completion of the project.
- Fund Reimbursement: NVTA reimburses the project sponsor for approved expenses per the SPA as the project advances.
- Ongoing Oversight: NVTA tracks progress through monthly status updates provided by project sponsors. Visit the NoVA Gateway.
- Project Completion & Celebration: Once a project comes to fruition, project leaders typically mark the milestone with a ribbon cutting ceremony.
- Public Benefits: Once implemented, the project starts delivering benefits to the public.
For questions or problems accessing SPA documents, please contact NVTA Authority Board Secretary Lee Ann Henderson by email or phone at 571-585-3964.