Section 99268.3 Of Article 4. Claims For Funds From California Public Utilities Code >> Division 10. >> Part 11. >> Chapter 4. >> Article 4.
99268.3
. (a) In the case of an operator that is serving an
urbanized area, and that was eligible for funds under this article
during the 1978-79 fiscal year even though not required to be in
compliance with Section 99268 or that commenced operation after that
fiscal year, the operator shall be eligible for those funds in any
fiscal year, commencing with claims for the 1980-81 fiscal year, if
it maintains, for the fiscal year, a ratio of fare revenues to
operating cost, as defined by subdivision (a) of Section 99247, at
least equal to one-fifth.
(b) In the case of an operator that is serving an urbanized area,
and that was in operation during the 1978-79 fiscal year even though
not then eligible for funds under this article, but that has since
become eligible for those funds, the operator shall be eligible for
the funds in any fiscal year, commencing with the 1980-81 fiscal
year, if it complies with either of the following:
(1) The requirements of Section 99268.
(2) The requirements of subdivision (a).