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BOND ACT-T0046-Farebox Equipment
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A BOND ACT authorizing the issuance of bonds in the amount of SIXTEEN MILLION, TWO HUNDRED FIFTY THOUSAND ($16,250,000) DOLLARS to finance the cost of acquisition of a contactless reader fare collection system, as well as a separate box that will accept cash fares, including the installation of the necessary hardware and software on the buses and in the bus garages and associated work. This SIXTEEN MILLION, TWO HUNDRED FIFTY THOUSAND ($16,250,000) DOLLAR proposed Bond Act represents a TWELVE MILLION, SEVEN HUNDRED FIFTY THOUSAND ($12,750,000) DOLLAR increase to the amount previously authorized for T0046 - Farebox Equipment and includes the THREE MILLION, FIVE HUNDRED THOUSAND ($3,500,000) previously authorized for T0046 - Farebox Equipment by Bond Act 220-2021.
SUBMITTED BY: COMMITTEES ON BUDGET & APPROPRIATIONS, PUBLIC WORKS & TRANSPORTATION AND INFORMATION TECHNOLOGY & CYBERSECURITY