Statute · California Public Utilities Code
Cal. Pub. Util. Code § 99268.19 — Claims for Funds
Cal. Pub. Util. Code § 99268.19
- Type
- Statute
- Source
- California Public Utilities Code
- Jurisdiction
- California
- Date
- 2021-07-16
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Pub. Util. Code § 99268.19 — Claims for Funds is in force in the current edition of the Code, and nothing recorded condemns it.
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.