Section 6633.1 - 50-Percent Expenditure Limitation(a) For an operator qualifying under Public Utilities Code Section 99268.1, the funds received from the local transportation fund under Article 4 of the Act shall not, except as provided in subdivisions (b), (c), and (d), exceed 50 percent of the amount that is the sum of the operator's operating cost, capital requirements, and debt service requirements less the sum of the operator's revenues from federal grants and the state transit assistance fund. For this purpose, the operator's revenues from federal grants and the state transit assistance fund shall be the amounts formally recognized in the operator's accounts during the fiscal year in conformity with the uniform system of accounts and records.(b) The operator may receive from the local transportation fund up to 100 percent, rather than 50 percent, of the amount representing its capital requirements for projects in one of the following categories: (1) Capital improvements to a grade-separated mass transit system, in accordance with the conditions of Public Utilities Code Sections 99268 and 99281.(2) Capital intensive transit-related improvements, as specified in Public Utilities Code Section 99268.7, if the transportation planning agency finds that every effort has been made by the operator to obtain federal funds for such improvements.(c) The operator may receive from the local transportation fund up to 100 percent, rather than 50 percent, of the amount representing the operating cost of an extension of its public transportation system if the extension is within the definition of Section 6619.1 and if all the conditions of Section 6633.8 are met.Cal. Code Regs. Tit. 21, § 6633.1
1. New section filed 12-24-79 as an emergency; effective upon filing. Certificate of Compliance included (Register 79, No. 52).
2. Repealer of subsection (d) filed 8-17-89; operative 9-16-89 (Register 89, No. 34). Note: Authority cited: Section 99241, Public Utilities Code. Reference: Sections 99241, 99268, 99268.1, 99268.7, 99270 and 99281, Public Utilities Code.
1. New section filed 12-24-79 as an emergency; effective upon filing. Certificate of Compliance included (Register 79, No. 52).
2. Repealer of subsection (d) filed 8-17-89; operative 9-16-89 (Register 89, No. 34).