December 2, 2010

FTA suspends Miami-Dade funds access

MIAMI — The Federal Transit Administration (FTA) suspended Miami-Dade Transit's (MDT) access to a pool of approximately $182 million in grant money, due to concerns about how the transit agency is accounting for and spending both federal money and the cash that is deposited in fareboxes by passengers, CBS4 reports.

The agency “is working with the FTA to address financial control issues pointed out in a preliminary review, and MDT is already taking immediate corrective actions," according to a statement issued by MDT Director Harpal Kapoor. For the full story, click here.

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