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Attachment 2 06/07/16 <br /> 9 <br /> State Transportation Improvement Program (STIP) <br /> updated every two years <br /> The STIP has two components <br /> Funded Section (Years 1-5) <br /> Developmental Program (Years 6-10) <br /> Process managed through Strategic Transportation <br /> Office of Planning (SPOT) <br /> Now in fourth round of prioritization (P4.0) <br /> Reflects changes made through Strategic Transportation <br /> Investments (STI) law <br /> ,T04 PCCOCCCCCCCC <br /> Enabling legislation passed in 2013 <br /> Encourages statewide and regional thinking about <br /> transportation and provides local flexibility <br /> Establishes process for creating the State <br /> Transportation Improvement Program <br /> New funding formula includes all capital expenditures <br /> All modes compete for same funds <br /> '1 D AlMgil C 4 D AKCCRO KEQg_OLJV <br /> -HWC CC4N IEKTCC LAW <br /> 2 <br />