California Statutes
§ 99304. — 99304. (Amended by Stats. 1990, Ch. 1014, Sec. 3.)
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. 6. ARTICLE 6. Miscellaneous
Notwithstanding Section 29530 of the Government Code, the Metropolitan Transportation Commission shall, if an unallocated apportionment has been set aside for an operator for specific future expenditures, also set aside annually the interest earned on the unallocated apportionment that has been set aside until the unallocated apportionment is allocated, and shall include the set-aside interest in the amount apportioned to that operator. The interest amount shall be determined by the Metropolitan Transportation Commission based on its estimate of the average rate of interest earned by the unallocated apportionment during the prior fiscal
year.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 99304. (99304. (Amended by Stats. 1990, Ch. 1014, Sec. 3.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1990, Ch. 1014, Sec. 3.