Section 29142.5 Of Article 2. Retail Transactions And Use Tax From California Public Utilities Code >> Division 10. >> Part 2. >> Chapter 7. >> Article 2.
29142.5
. On and after July 1, 1984, for purposes of meeting the
requirement of subdivision (b) of Section 29142.4, the Metropolitan
Transportation Commission may consider, as fare revenues, that
portion of the local support of an operator for its transit system
which exceeds its base level of operating support as determined by
the commission, if the commission finds that this consideration will
enable the operator to maintain or improve vital transit within a
coordinated fare structure.