Article 6. Miscellaneous of California Public Utilities Code >> Division 10. >> Part 11. >> Chapter 4. >> Article 6.
Interest earned on funds allocated pursuant to this chapter
shall be expended only for those purposes for which the funds were
Notwithstanding Sections 99232, 99233, and 99301, the
Orange County Transportation Commission may direct the transportation
planning agency to allocate interest accruing from money retained
for the development of transit in the local transportation fund of
the County of Orange, to the County of Orange, to cities within the
county, to the Department of Transportation, to the Orange County
Transit District, and to the Orange County Transportation Commission
to expend for transportation purposes within the County of Orange, as
determined by the Orange County Transportation Commission, including
those which could be funded by motor vehicle fuel taxes pursuant to
Section 1 of Article XIX of the California Constitution. The
commission, when determining the purposes for which the money is to
be expended, shall ensure that, to the extent possible, at least
one-half of the money is allocated to local street and road projects.
Interest accruing pursuant to Section 99301.5 shall
continue to be allocated under that section for as long as there is a
balance of money retained for the development of transit in the
local transportation fund of the County of Orange. For this purpose,
the amount of the balance retained for the development of transit in
the local transportation fund shall be determined by the Orange
County Transportation Commission with the concurrence of the Orange
County Transit District prior to the beginning of each fiscal year.
After the allocation instructions have been received from the
transportation planning agency, the interest accruing shall be
deposited in a separate account maintained by the Orange County
Treasurer, which shall be known as the Orange County Unified
Transportation Trust. Thereafter, the Orange County Transportation
Commission shall issue allocation instructions on the balance in the
Orange County Unified Transportation Trust.
Notwithstanding the fact that the Metropolitan
Transportation Commission is not required to adopt a regional
transportation plan until June 30, 1973, for the region comprised of
the City and County of San Francisco and the Counties of Alameda,
Contra Costa, Marin, Napa, San Mateo, Santa Clara, Solano, and
Sonoma, it may approve the claim of any applicant within the region.
The commission shall approve those claims which will not result in
the undesirable duplication of public transportation services, and
which will provide for a coordinated public transportation system, in
The commission may, on its own motion, arbitrate differences (1)
between the various applicants, (2) between an applicant and a city
or county regarding the costs of the extension of services, and (3)
between the various entities within the region regarding priorities
and the order that various improvements are to be made.
Before the Orange County Transit District may expend any
of its allocation it has retained for the development of rapid
transit for purposes other than such development, the Orange County
Transportation Commission shall make a determination that the funds
are not required for any exclusive public mass transit guideway
purpose within the foreseeable future.
Not less than 75 percent of the unallocated apportionment,
as of June 30, 1978, and each June 30th thereafter, for the cities,
and that portion of the County of San Diego, under the jurisdiction
of the San Diego Metropolitan Transit Development Board shall be
available to the board for exclusive public mass transit guideway
purposes as specified in Article 4 (commencing with Section 120260)
of Chapter 4 of Division 11.
On July 1 of the first fiscal year of implementation of Section
120265, this section shall no longer be effective except as to the
prior year's unallocated apportionment.
Notwithstanding Section 29530 of the Government Code, the
Metropolitan Transportation Commission shall, if an unallocated
apportionment has been set aside for an operator for specific future
expenditures, also set aside annually the interest earned on the
unallocated apportionment that has been set aside until the
unallocated apportionment is allocated, and shall include the
set-aside interest in the amount apportioned to that operator. The
interest amount shall be determined by the Metropolitan
Transportation Commission based on its estimate of the average rate
of interest earned by the unallocated apportionment during the prior