Pennsylvania Code
Title 52 - PUBLIC UTILITIES
Part I - Public Utility Commission
Subpart B - Carriers of Passengers or Property
Chapter 29 - MOTOR CARRIERS OF PASSENGERS
Subchapter B - COMMON CARRIERS
ACCOUNTS, RECORDS AND REPORTS
Section 29.41 - Accounts and records
Current through Register Vol. 54, No. 44, November 2, 2024
(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).
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.
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).
