California Code of Regulations
Title 2 - Administration
Division 2 - Financial Operations
Chapter 2 - State Controller
Subchapter 3 - Accounting Procedures for Special Districts
Article 5 - Transit Districts
Section 1071.12 - Purchased or Contracted Service

Transit service claimants contracting for transportation service and receiving Transportation Development Act Funds to pay for such service, shall include in "operating costs" and "fare revenues" the amount of fare revenues that are received by the entity providing the service and not transferred to the claimant. This will ensure the claimant has included all costs and revenues when determining operating ratios for state subvention purposes.

1. New section filed 8-12-80; effective thirtieth day thereafter (Register 80, No. 33).

Note: Authority cited and Reference: Section 53891, Government Code; Section 99243, Public Utilities Code.