52 Pa. Code § 29.41 – Accounts and records.

ACCOUNTS, RECORDS AND REPORTS

(a) Common carriers of passengers shall follow generally accepted accounting principles for all accounting and reporting matters.
(b) Amounts received as operating subsidies or payments for services rendered from a Federal, State or local governmental agency shall be included in the respective passenger revenue classifications corresponding to the operating authority under which the services were provided, and shall be included in the reporting company’s assessment liability under 66 Pa.C.S. § 510 (relating to assessment for regulatory expenses upon public utilities).

Authority

The provisions of this § 29.41 amended under the Public Utility Code, 66 Pa.C.S. § § 501, 1102, 1103, 1501, 1502, 1504, 1506, 1508 and Chapters 23 and 25.

Source

The provisions of this § 29.41 adopted April 15, 1946; amended through February 21, 1966; amended August 7, 1976, effective August 8, 1976, 6 Pa.B. 1839; amended October 1, 1976, effective October 2, 1976, 6 Pa.B. 2442; amended December 22, 1989, effective December 23, 1989, 19 Pa.B. 5425; amended August 4, 2006, effective August 5, 2006, 36 Pa.B. 4181. Immediately preceding text appears at serial page (311891).

Cross References

This section cited in 52 Pa. Code § 29.111 (relating to accounts, records and memoranda); and 52 Pa. Code § 29.317 (relating to accounting requirements for alternative forms of compensation for drivers).