Local Federal Fund Exchange

 

Local Federal Fund Exchange

The Local Federal Fund Exchange program is a CRA-developed program that allows a county road agency to sell its highly-regulated federal Surface Transportation Program Rural (STPR) funds for more flexible non-federal dollars to another county road agency at a mutually agreed upon rate.

In fiscal 2019, the program grew in size, allowing 30 county road agencies to exchange federal STPR allocation for less restricted dollars. Typically, an urban county road agency that is better suited for meeting federal requirements “buys” the STP from a rural county; but as you can see in the tables below, some partners are rural-rural.

Click here for guidance on the Exchange and the most recent forms.

Local Federal Fund Exchange remaining spots

In order to claim one of the slots for the Local Federal Fund Exchange program, selling counties must first pass a resolution of intent to sell and forward that to CRA with the date passed, and a buying partner must pass a resolution of intent to buy and forward it to CRA with the date passed.

Once CRA receives resolutions from both selling and buying counties, a slot will be claimed.

Call Steve Puuri, PE, at 517.482.1189 to get placed on the most recent exchange table below!

2026

Selling countySTPR soldBuying countyNon-federal fundsFlex funds
Keweenaw$297,000Houghton$237,600
Dickinson$300,000Houghton$240,000
Baraga$550,000Houghton
Iron$783,000Houghton$626,400

2025

Selling countySTPR soldBuying countyNon-federal fundsFlex funds
Delta$763,972Iron$611,178
Dickinson$499,720
Gladwin$688,000Bay$619,200
Keweenaw$290,000Oakland$232,000
Mecosta$785,000Oakland$628,000
MontcalmOakland$880,000
Newaygo$1,106,000Kent$829,500

2024

Selling countySTPR soldBuying countyNon-federal fundsFlex funds
Mecosta$472,855Kent$378,284
Barry$1,293,052Oakland$1,093,941
Cass$423,728Oakland$338,982
Emmet$620,044Oakland$500,000
Mason$623,800Oakland$499,040
Kalkaska$526,000Oakland$420,800

2023

Selling countySTPR soldBuying countyNon-federal fundsFlex funds
Cass$733,752Kent$587,002$733,752
Mecosta$1,021,172Oakland$836,102$1,021,172
Ogemaw$500,000Oakland$400,000$500,000
Baraga$553,000Oakland$442,400$553,000
Barry$940,222Oakland$752,178$940,222
Emmet$625,000Oakland$500,000$625,000
Kalkaska$609,177Oakland$487,342$609,177
Keweenaw$298,611Oakland$238,889$298,611
Mason$717,742Oakland$574,194$717,742
Newaygo$1,000,000Oakland$800,000$1,000,000
Osceola$664,183Oakland$560,000$664,183

2022

Selling countySTPR soldBuying countyNon-federal fundsFlex funds
Allegan$1,435,298Macomb$1,148,238$1,435,298
Antrim$464,277Macomb$371,421$464,277
Arenac$382,074Clinton$305,659
Baraga$554,159Oakland$443,327$554,159
Barry$780,000Oakland$624,000$780,000
Cass$453,157Macomb$362.525$453,157
Dickinson$297,200Oakland$237,760$297,200
Emmet$758,598Oakland$606,886$758,598
Gladwin$688,037Bay$550,429
Iron$337,000Macomb$269,600$337,000
Keweenaw$230,000Oakland$184,000$230,000
Mecosta$920,355Clare$736,284
Montcalm$1,041,563Kent$781,173
Osceola$736,319Oakland$589,055$736,319

MDOT is allowing a maximum of $8 million in flex funds to be included in the FY 2022 LFFE program.

2021

Selling countySTPR soldBuying countyNon-federal fundsFlex funds
Allegan$1,055,000
Barry
Benzie$350,000
Dickinson$396,320Delta$317,056
Emmet$595,255Oakland$476,204
Gladwin$532,535 Bay$426,028
Grand Traverse$566,228
Keweenaw$230,000
Mason$773,603Oakland$618,882
Mecosta$633,000
Montcalm$932,000 Kent
Newaygo$866,467Kent$649,850 $640,000
Osceola$469,000

2020

Selling countySTPR soldBuying countyNon-federal funds
Arenac$351,639Clinton$281,311
Baraga$436,704Oakland$349,367
Barry$748,603
Delta$691,000Oakland$552,800
Dickinson$280,000Oakland$224,000
Emmet$584,255Oakland$467,404
Gladwin$418,224Bay$334,579
Houghton$603,753Grand Traverse$483,002
Iosco$459,921Bay$367,937
Iron$340,000Oakland$272,000
Keweenaw$229,687Oakland$183,749
Mecosta$586,822Muskegon$469,457
Menominee$756,480Oakland$605,184
Newaygo$871,428Oakland$697,142
Ogemaw$534,866Oakland$427,893
Ontonagon$754,269Oakland$603,415
Osceola$572,737Bay$458,189

2019

Selling countySTPR soldBuying countyNon-federal funds
ArenacJackson
Arenac$380,564Clinton$304,451
Baraga$416,638Muskegon$333,310
BarryJackson
Benzie$265,000Montcalm$185,500
Dickinson$300,000Delta$288,000
Gladwin$446,843Bay$357,474
Houghton$583,400Muskegon$466,720
Huron$391,200Oakland$312,960
Huron$328,800St. Clair$263,040
Keweenaw$220,175Muskegon$176,140
Lake$500,000Muskegon$375,000
Lapeer
Leelanau$750,000Oakland$562,500
Mecosta$600,000Jackson
Montcalm$500,000Kent$375,00
Montcalm$325,000Oakland$243,750
Newaygo$949,000Muskegon$711,750
Ogemaw$350,017
OsceolaJackson
OntonagonJackson
St. JosephJackson
Wexford$940,000Jackson$752,000
Genesee