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Section 99663 Of Chapter 4. Applications For Grants From California Public Utilities Code >> Division 10. >> Part 11.5. >> Chapter 4.
99663
. (a) In accordance with regulations and guidelines of the
commission, each application shall be accompanied by a plan
describing how the grant funds will be used, what other capital funds
are available for the project, and how those funds will be used. The
plan shall include a plan for operating any new service, including a
financial plan for operation.
(b) The plan shall also identify the sources of the remainder of the funds required for construction and operation of any new service.
(c) The application shall demonstrate that a reasonable share of the cost of any new or rehabilitated passenger rail service, as determined by the commission, will be covered by farebox revenue.
(b) The plan shall also identify the sources of the remainder of the funds required for construction and operation of any new service.
(c) The application shall demonstrate that a reasonable share of the cost of any new or rehabilitated passenger rail service, as determined by the commission, will be covered by farebox revenue.
