Public Utilities Code - PUC
DIVISION 10. TRANSIT DISTRICTS [24501 - 107025]
( Division 10 repealed and added by Stats. 1955, Ch. 1036. ) PART 11. PROVISIONS APPLICABLE TO ALL PUBLIC TRANSIT [99150 - 99582]
( Part 11 added by Stats. 1968, Ch. 1325. ) CHAPTER 5. Motor Vehicle Fuel Tax [99500 - 99510]
( Chapter 5 added by Stats. 1977, Ch. 956. ) 99508.
The net revenues received by a taxing entity shall be expended only for the following:
(a) The planning, construction, and maintenance of, and the acquisition of rights-of-way for, exclusive public mass transit guideways and exclusive bus lanes and related fixed facilities to such guideways and bus lanes.
(b) The purchase of transit vehicles.
(c) The payment of principal and interest on voter-approved bonds issued for the purposes specified in subdivision (a) or
(b).
(Added by Stats. 1977, Ch. 956.)