Tuesday, November 22, 2011

Anybody know what the "transit exchange fund" is?

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1 comment:

  1. Chris DayWednesday, November 23, 2011 10:53:00 AM

    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

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