California § 99272. 99272. (Amended by Stats. 1986, Ch. 988, Sec. 12.)

California Statutes

§ 99272. — 99272. (Amended by Stats. 1986, Ch. 988, Sec. 12.)

California § 99272.

JurisdictionCalifornia

Code PUCPublic 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

This text of California § 99272. (99272. (Amended by Stats. 1986, Ch. 988, Sec. 12.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Public Utilities Code - PUC Code § 99272. (2026).

Text

An operator that has a private pension plan shall be eligible for allocations under this article, on and after July 1, 1976, only if the operator does both of the following:

(a)Conducts periodic actuarial studies of its employee pension plans to determine the annual cost of future pension benefits.

(b)Sets aside and invests, on a current basis, funds sufficient to provide for the payment of future pension benefits.

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An operator that has a private pension plan shall be eligible for allocations under this article, on and after July 1, 1976, only if the operator does both of the following:
(a)
Conducts periodic actuarial studies of its employee pension plans to determine the annual cost of future pension benefits.
(b)
Sets aside and invests, on a current basis, funds sufficient to provide for the payment of future pension benefits.

Legislative History

Amended by Stats. 1986, Ch. 988, Sec. 12.

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Bluebook (online)

California § 99272., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PUC/99272..