California § 99268.19. 99268.19. (Amended by Stats. 2021, Ch. 81, Sec. 8.)

California Statutes

§ 99268.19. — 99268.19. (Amended by Stats. 2021, Ch. 81, Sec. 8.)

California·Code PUC Public Utilities Code - PUC·Div. 10. DIVISION 10. TRANSIT DISTRICTS·Part 11. PART 11. PROVISIONS APPLICABLE TO ALL PUBLIC TRANSIT·Ch. 4. CHAPTER 4. Transportation Development·Art. 4. ARTICLE 4. Claims for Funds

If fare revenues are insufficient to meet the applicable ratio of fare revenues to operating cost required by this article, an operator may satisfy that requirement by supplementing its fare revenues with local funds and calculating all free and reduced transit fares at their current full retail value. As used in this section, “local funds” means any nonstate grant funds or other revenues generated by, earned by, or distributed to an operator.

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If fare revenues are insufficient to meet the applicable ratio of fare revenues to operating cost required by this article, an operator may satisfy that requirement by supplementing its fare revenues with local funds and calculating all free and reduced transit fares at their current full retail value. As used in this section, “local funds” means any nonstate grant funds or other revenues generated by, earned by, or distributed to an operator.

California § 99268.19. (99268.19. (Amended by Stats. 2021, Ch. 81, Sec. 8.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.