Today's Law As Amended


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AB-1778 Local transportation funds.(2011-2012)



As Amends the Law Today


SECTION 1.

 Section 99232.3 of the Public Utilities Code is amended to read:

99232.3.
 Sections 99232.1 and 99232.2 shall not apply to Ventura County.
(a)  Revenues deposited in the local transportation fund in Ventura County shall be available for the fiscal year beginning on July 1, 2014, and each fiscal year thereafter, solely for claims for Article 4 (commencing with Section 99260) and Article 4.5 (commencing with Section 99275) purposes.
(b) Funds apportioned pursuant to this section that remain unencumbered for more than one year or unexpended for more than two years shall be returned to the Ventura County Transportation Commission for reapportionment to transit operators or consolidated transportation service in proportional amounts based on population, if both of the following conditions are met:
(1) The transit operator or consolidated transportation service is eligible to receive funding under Article 4 (commencing with Section 99260) and Article 4.5 (commencing with Section 99275).
(2) The transit operator or consolidated transportation service did not have any funds returned to the commission under this subdivision in the previous year.