Analysis of Unobligated Balances in the Urban Mass Transportation Fund

All of the Urban Mass Transportation Administration's (UMTA) programs include grants to state or local governments since UMTA does not itself operate transit services or construct transit facilities. Unexpended balances in the UMTA account at the close of fiscal year 1977 involved $12.6 billion, $9.6 billion of which represented unobligated balances and $3.0 billion of which represented unliquidated obligations. The 1979 budget forecasts that unliquidated obligations will exceed unobligated balances at the end of that year by $576 million.