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Transportation Glossary
Term Description

Formula Funds

Funds distributed or apportioned to qualifying recipients on the basis of formulas described in law (e.g., funds in the Section 5311 program for Small Urban and Rural Transit Assistance distributed to each state based on the state's percentage of national rural population).

NDSU Dept 2880P.O. Box 6050Fargo, ND 58108-6050
(701)231-7767ndsu.ugpti@ndsu.edu