The Annual Listing of Obligated Projects includes all projects listed in the Transportation Improvement Program (TIP) for which federal funds were obligated during the preceding federal program year (defined as the period from October 1 to September 30) by the Virginia Department of Transportation (VDOT) and the Virginia Department of Rail and Public Transportation (VDRPT). The Annual Listing is intended to demonstrate transportation spending and improve transparency in spending decisions by providing an accounting for federal funds that have been authorized and committed by the state or designated recipients (e.g. Greater Lynchburg Transit Company) for expenditure on projects programed in the TIP.
It is important to note that the obligation of funds does not necessarily imply that work on a project began in the year of the obligation and that the amount of Federal fund obligated may not equal the total cost of a project, which often includes commitments from the Commonwealth of Virginia and local entities.
