Section 40332 Of Article 2. Transactions And Use Taxes And Revenue Bonds From California Public Utilities Code >> Division 10. >> Part 4. >> Chapter 8. >> Article 2.
40332
. (a) The revenues from the taxes imposed pursuant to this
article may be used for any lawful purpose of the district.
(b) During the first three years the taxes are imposed pursuant to
this article, 25 percent of the revenues generated from such taxes
shall be allocated by the district to Orange County and the cities
therein in the proportion that the population of the county or city,
as the case may be, bears to the total population of the district.
For purposes of this subdivision, the population of the county shall
be the population of the unincorporated territory of the county.
(c) The revenues allocated pursuant to subdivision (b) shall be
used by the county and the cities to finance public transit services,
which shall be coordinated with the public transit services operated
by the district. The county or any city may also use the revenues to
finance public transit services operated by the district.
(d) At the end of four years, as measured from the initial
imposition of the taxes pursuant to this article, any of the revenues
allocated pursuant to subdivision (b) which has not been expended
for public transit services shall revert to the district.