The Memorandum of Understanding is the agreement to fund to the Early Investment Plan in the Bay Area. It describes the funding sources, the goals for the funds, and Participants in the MOU include MTC, the High Speed Rail Authority, the Caltrain Joint Powers Board, San Francisco County Transportation Authority, San Francisco City and County, Transbay Joint Powers Authority, San Mateo County Transportation Authority, VTA (Santa Clara County), and City of San Jose.