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AGREEMENT REGARDING DISTRIBUTION AND USE OF <br /> 1997-98 AB 434 FUNDS <br /> <br /> This Agreement is made this~ day o~v~%\ ~ 1997, by and between the <br />City/County Association of Governments of San Mateo County, hereinafter referred to as <br />"C/CAG", and Redwood City, hereinafter referred to as "CITY". <br /> <br />RECITALS <br /> <br /> WHEREAS, on October I0, 1991, the State of California enacted Assembly Bill (AB) <br />434, authorizing the Bay Area Air Quality Management District (hereinafter referred to as <br />"BAAQMD") to impose a fee on motor vehicles to be used for specified transportation control <br />projects and programs that are included in the BAAQMD's 1991 Clean Air Plan (CAP), as <br />developed and adopted pursuant to the requirements of the 1988 California Clean Air Act; and <br /> WHEREAS, the BAAQMD's objectives for administration of these funds are to: <br /> (1) fund transportation programs and projects that most effectively achieve emissions reductions <br /> from motor vehicles, (2) administer AB 434 funding as efficiently as possible, and (3) maintain <br /> accountability of the expenditure of AB 434 funds; and <br /> Wl~REAS, AB 434 specifies certain transportation control projects and programs in the <br /> '94 CAP that are eligible for funding; and <br /> WHEREAS, AB 434 provides that not less than forty percent (40%) of the fee revenues <br /> generated in each county within the BAAQMD shall be allocated for programs in that county to <br /> an kntity designated as the overall Program Manager by the County Board of Supervisors and <br /> <br /> <br />