1. (a) For the purpose of allocating funds appropriated in each fiscal year pursuant to section 99314, an operator's revenue for the prior fiscal year shall be determined by the State Controller from the annual report submitted to the Legislature by the State Controller pursuant to Section 99243.5 of the Public Utilities Code. Allocations made before the State Controller's report becomes available shall be made on the basis of estimates as deemed most appropriate by the State Controller. Subsequent allocations shall be adjusted accordingly.

2. (b) For the purpose of this section:

   1. (1) “Qualifying revenues” means revenues in the following or like revenues classes, as included in the annual report submitted by the State Controller pursuant to Public Utilities Code section 99243.5:

      Passenger Fares

      Special Transit Fares

      School Bus Service Revenue

      Auxiliary Transportation Revenue

      Non transportation Revenue

      Property Tax

      Sales Tax Revenue

      Local General Operating Assistance

      Special Districts Augmentation Fund

      Local Special Fare Assistance

      Homeowner Property Tax Relief

      Special Supplemental Subvention

      Local Sales Tax

      Subsidy--Other Sectors of Operations

      Income From Other Activities

   2. (2) “Nonqualifying revenues” means all other revenues, as included in the State Controller's annual report.
   3. (3) “Operating Cost” means the sum of the operator's operating expenses less depreciation and amortization, as included in the State Controller's annual report.

3. (c) An operator's revenue, for this purpose, shall be determined:

   1. (1) As the operator's operating cost less the sum of its non qualifying revenues; or, at a minimum, as the sum of the operator's fare revenues; or, at a maximum, as the sum of the operator's qualifying revenues.

Note: Authority cited: Section 99241, Public Utilities Code. Reference: Sections 99241, 99243.5 and 99314, Public Utilities Code.

History

1. New section filed 9-6-84; effective thirtieth day thereafter (Register 84, No. 36). For history of former Section 6722, see Registers 84, No. 25 and 79, No. 52.

2. Amendment filed 12-31-85; effective thirtieth day thereafter (Register 86, No. 1).

3. Amendment of subsections (b) and (c) filed 10-17-86; effective thirtieth day thereafter (Register 86, No. 42).

4. Amendment of subsection (a) filed 9-1-87; operative 10-1-87 (Register 87, No. 37).

5. Amendment of subsection (b) filed 8-13-90; operative 9-12-90 (Register 90, No. 40).