Trimess

Trimess
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Wednesday, November 23, 2011

The "transit exchange fund" (or how do I get a trip to Romania for free)

Trimet & ATU757 Contract states in
Articale 1 – General Provisions
Par. 14. Transit Exchange Program
The District shall pay the Association $1,000 per month
effective December 1, 2003, for the purpose of a program
to provide for the exchange of information and ideas
between national and international transportation industry
association executive officers. The District shall pay the
Association $1,000 per month effective December 1, 2003,
for the purpose of a Transit Exchange Program. The amount
of this payment shall increase to:
$1,100 per month effective 12/01/04
$1,200 per month effective 12/01/05
$1,300 per month effective 12/01/06
$1,400 per month effective 12/01/07
$1,500 per month effective 12/01/08

and as of August 2011 the Transit Exchange Account had $55,504.83 and about $4,500.00 should have been added to that for the past three months bring to a total of $60,004.83 and from my understanding the trip is going to cost close to $27,000.00
(thanks to Chris Day for providing this info)

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