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The OWPs and the OWPAs are only good for one year. Do we also need to execute a new Master Fund Transfer Agreement (MFTA) every year?

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The OWPs and the OWPAs are only good for one year. Do we also need to execute a new Master Fund Transfer Agreement (MFTA) every year?

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Not necessarily. The MFTA does not need to be revised unless or until it is no longer accurate. It includes or references state and federal provisions, with which the MPOs/RTPAs must comply. The annual specifics are added through the OWP and the OWPA.

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