light-emitting diode technology and for performing regional
operations such as retiming, developing special event plans
and monitoring traffic signals.
(2) During fiscal year 2015-2016, up to $25,000,000
shall be allocated to municipalities for upgrading traffic
signals to light-emitting diode technology, performing
regional operations such as retiming, developing special
event plans and monitoring traffic signals and for
maintaining and operating traffic signals.
(3) During fiscal year 2016-2017 and each fiscal year
thereafter, up to $40,000,000 shall be allocated [to
municipalities] for upgrading traffic signals to light-
emitting diode technology and intelligent transportation
system applications, such as autonomous and connected
vehicle-related technology, performing regional operations
such as retiming, developing special event plans and
monitoring traffic signals and for maintaining and operating
traffic signals.
(4) Financial assistance under this section shall be
matched by [municipal or private cash] funding in an amount
not less than [50%] 20% of the amount of the financial
assistance being provided. Except for transportation
improvement program funds, the match may consist of any
combination of Federal, State, regional, local and private
funds, including in-kind contributions such as an exchange of
services between the department and municipality. Any grant
made under this subsection shall be allocated for two
consecutive fiscal years and shall not lapse at the end of
the fiscal year when the grant was awarded.
(5) The department shall establish guidelines for
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