California Statutes
§ 132430. — 132430. (Added by Stats. 1998, Ch. 1021, Sec. 1.)
California·Code PUC Public Utilities Code - PUC·Div. 12.7. DIVISION 12.7. COUNTY AND REGIONAL TRANSPORTATION COMMISSIONS·Ch. 6. CHAPTER 6. Pasadena Metro Blue Line Construction Authority
(a)The LACMTA shall transfer the unencumbered balance of all local funds programmed for completion of the project and that have been identified in the Restructuring Plan adopted by the LACMTA Board of Directors on May 13, 1998, to the authority for completion of the project.
(b)The authority is eligible to receive allocations of state funds for the project. The unencumbered balance of funds currently programmed or allocated to the LACMTA for completion of the project and that have been identified in the Restructuring Plan adopted by the LACMTA Board of Directors on May 13, 1998, shall be allocated to the authority for completion of the project.
(c)Any transfer of funds by the LACMTA under this section shall be subject to the terms of the memorandum of understanding entered into between
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California § 132430. (132430. (Added by Stats. 1998, Ch. 1021, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1998, Ch. 1021, Sec. 1. Effective January 1, 1999.