§ 99315. — 99315. (Amended by Stats. 2011, Ch. 6, Sec. 10.)

California § 99315.

• Jurisdiction: 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. 6.5.: ARTICLE 6.5. Transportation Planning and Development Account

Text

Funds made available pursuant to subdivision (a) of Section 99312 shall be available for all of the following purposes:
(a)
To the department for bus and passenger rail services pursuant to Sections 14035, 14035.5, and 14038 of the Government Code.
(b)
To the department for funding of public
transit capital improvement projects in the state transportation improvement program, pursuant to Section 14529 of the Government Code.
(c)
To the department for its planning activities not payable from the State Highway Account in the State Transportation Fund, its mass transportation responsibilities, and its assistance in regional transportation planning.
(d)
To the department for allocation by the director to the Institute of Transportation Studies of the University of California for training and research in public transportation systems engineering and management and coordination with other transportation modes.
(e)
To the commission for its activities not payable from the State Highway Account.
(f)
To the Public Utilities Commission for its
passenger rail safety responsibilities specified in statute on commuter rail, intercity rail, and urban rail transit lines.
(g)
For transfer to the Transportation Debt Service Fund created by Section 16965 of the Government Code to reimburse the General Fund for current year debt service payments on rail and transit-related general obligation bonds other than those issued pursuant to the Clean Air and Transportation Improvement Act of 1990 (Part 11.5 (commencing with Section 99600)), as follows:
(1)
For the 2009–10 fiscal year, the Controller shall transfer up to one hundred forty-two million fifty-eight thousand dollars ($142,058,000) to the fund upon order of the Director of Finance for debt service paid or payable within that fiscal year.
(2)
For the 2010–11 fiscal year, the Controller shall transfer up to ninety
million eight hundred eighty-six thousand dollars ($90,886,000) in revenues collected before November 2, 2010, to the fund, as follows:
(A)
By the 15th of every month, the Treasurer, in consultation with the Director of Finance, shall notify the Controller of the amount of debt service that will be paid on each transportation bond during that month.
(B)
Within two business days following the 28th of every month, the Controller shall transfer from the account to the Transportation Debt Service Fund an amount equal to monthly debt service paid by the General Fund on any bonds issued pursuant to Proposition 108 (1990) and Proposition 1A (2008), and one-quarter of the monthly debt service paid by the General Fund on any bonds issued pursuant to Proposition 1B (2006).
(C)
Any transfers made from the Public Transportation
Account pursuant to this subdivision for any months after October 2010 shall be reversed and repaid to the account, and shall instead be made, to the extent authorized, from weight fee revenues in the State Highway Account as provided for in Section 9400.4 of the Vehicle Code.

Legislative History

Amended by Stats. 2011, Ch. 6, Sec. 10. (AB 105) Effective March 24, 2011.