Section 29142.4 Of Article 2. Retail Transactions And Use Tax From California Public Utilities Code >> Division 10. >> Part 2. >> Chapter 7. >> Article 2.
29142.4
. No funds shall be allocated to an entity pursuant to
Section 29142.2, after January 1, 1978, unless, as determined by the
Metropolitan Transportation Commission, the transit operator:
(a) Is a participating member of a regional transit coordinating
council which the commission shall establish to better coordinate
routes, schedules, fares, and transfers among the San Francisco Bay
area transit operators and to explore potential advantages of joint
ventures in areas such as marketing, maintenance, and purchasing. The
commission shall be a member of the council.
(b) Establishes, for the period for which the funds are allocated,
fare levels such that fare revenues equal at least 33 percent of its
operating cost, which shall be all of its costs in the expense
object classes, exclusive of the costs of the depreciation and
amortization expense object classes, of the uniform system of
accounts and records adopted by the State Controller pursuant to
Section 99243. The allocation period shall not be less than one
calendar quarter nor longer than one fiscal year, as determined by
the commission. For purposes of this subdivision, the two special
transit service districts of the Alameda-Contra Costa Transit
District shall be considered separate transit districts. On and after
July 1, 1981, the commission may grant, any operator which was in
compliance with the 33 percent requirement prior to that date, a
credit not to exceed 5 percent to meet that requirement on the basis
of special operating characteristics of its transit system,
including, but not limited to, its transfer and special fare
policies. In no event shall the combined fare revenues of the three
operators, excluding any credit granted by the commission, be less
than 33 percent of their combined operating cost.
(c) Has complied with standards established by the commission
pursuant to Section 66517.5 of the Government Code.