Section 99304 Of Article 6. Miscellaneous From California Public Utilities Code >> Division 10. >> Part 11. >> Chapter 4. >> Article 6.
99304
. 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
fiscal year.