An agreement containing standard terms and conditions governing the administration of any project supported with federal assistance awarded by the Federal Transit Administration (FTA) to eligible grantees. As a signatory to the Master Agreement, the grant recipient agrees to maintain or acquire sufficient legal, financial, technical, and managerial capacity to plan, manage, and complete a project and provide for the use of project facilities and equipment to comply with the terms of the Grant Agreement or Cooperative Agreement, the approved project budget, the project schedules, the recipients annual certifications and assurances to FTA, and all applicable federal laws, executive orders, regulations, directives, and published policies covering the grant. The Master Agreement does not have an expiration date, so the provisions can be modified or superseded by new federal requirements related to the various types of funding agreements, specific project parameters, conditions and requirements.