§ 69-4034 — Allocation formula.

The monies authorized for public transportation pursuant to this act shall be allocated among the eligible entities for the payment of reported vehicle revenue miles. The allocation for Oklahoma County mass transit shall not exceed twenty percent (20%) of the total monies available in the Public Transit Revolving Fund. The allocation to the Tulsa County mass transit shall not exceed twenty percent (20%) of the total available funds. The mileage, upon which payment is to be made, shall be that mileage reported by the eligible entities to the United States Secretary of Transportation, as required by 49 U.S.C., Section 1611, as amended, or as reported on Department of Transportation Data Intake Form 0-5, for the previous fiscal year. If there are insufficient monies in the Public Transit Revolving Fund to provide each eligible entity the payment of vehicle revenue miles, the total miles of all eligible entities shall be added together to form a mileage total. The mileage total shall be divided into the total dollars available in the Public Transit Revolving Fund to arrive at a monetary figure per mile. The monies, in either event, shall be allocated to each eligible entity based on the reported revenue mileage of the entity, for the previous fiscal year.

Legislative History

Added by Laws 1990, c. 250, § 4, operative July 1, 1990. Amended by Laws 1998, c. 138, § 1, emerg. eff. April 16, 1998.