California Public Utilities Code

§ 29142.8

PUC § 29142.8Div. 10 · Part 2 · Ch. 7 · Art. 2

Statute text

(a)Any portion of the transactions and use tax revenues available for allocation and not allocated by the Metropolitan Transportation Commission shall be invested through the Surplus Money Investment Fund. The amount invested and the accrued interest therefrom shall be available for allocation by the commission.

(b)Any funds which accumulated during a period an operator is not in compliance with Section 29142.4 may be allocated to any operator in compliance with that section at the time of allocation.

Legislative history

Amended by Stats. 1979, Ch. 264.