California Public Utilities Code

§ 99314.6

PUC § 99314.6 Effective Jul 10, 2023Div. 10 · Part 11 · Ch. 4 · Art. 6.5

Statute text

(a)Except as provided in subdivision (e) and Section 99314.7, the following eligibility standards apply:

(1)Except as provided in paragraph (3), funds shall be allocated for operating or capital purposes pursuant to Sections 99313 and 99314 to an operator if the operator meets either of the following efficiency standards:

(A)The operator shall receive its entire allocation, and any or all of this allocation may be used for operating purposes, if the operator’s total operating cost per revenue vehicle hour in the latest year for which audited data are available does not exceed the sum of the preceding year’s total operating cost per revenue vehicle hour and an amount equal to the product of the percentage change in the Consumer Price Index for the same period multiplied by the preceding year’s total operating cost per revenue vehicle hour.

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Legislative history

Amended by Stats. 2023, Ch. 54, Sec. 9. (SB 125) Effective July 10, 2023.