Okla. Stat. tit. 69, § 69-4034
This is the official text of Okla. Stat. tit. 69, § 69-4034, part of Oklahoma’s Stat. tit. 69, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 69,." Browse the sections below, each linked to its official government source.
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Allocation formula
Official statutory text
The monies authorized for public transportation pursuant to this
act shall be allocated among the eligible entities for the payment
of reported vehicle revenue miles. The allocation for Oklahoma
Oklahoma Statutes - Title 69. Roads, Bridges, and Ferries Page 390
County mass transit shall not exceed twenty percent (20%) of the
total monies available in the Public Transit Revolving Fund. The
allocation to the Tulsa County mass transit shall not exceed twenty
percent (20%) of the total available funds. The mileage, upon which
payment is to be made, shall be that mileage reported by the
eligible entities to the United States Secretary of Transportation,
as required by 49 U.S.C., Section 1611, as amended, or as reported
on Department of Transportation Data Intake Form 0-5, for the
previous fiscal year. If there are insufficient monies in the
Public Transit Revolving Fund to provide each eligible entity the
payment of vehicle revenue miles, the total miles of all eligible
entities shall be added together to form a mileage total. The
mileage total shall be divided into the total dollars available in
the Public Transit Revolving Fund to arrive at a monetary figure per
mile. The monies, in either event, shall be allocated to each
eligible entity based on the reported revenue mileage of the entity,
for the previous fiscal year.
act shall be allocated among the eligible entities for the payment
of reported vehicle revenue miles. The allocation for Oklahoma
Oklahoma Statutes - Title 69. Roads, Bridges, and Ferries Page 390
County mass transit shall not exceed twenty percent (20%) of the
total monies available in the Public Transit Revolving Fund. The
allocation to the Tulsa County mass transit shall not exceed twenty
percent (20%) of the total available funds. The mileage, upon which
payment is to be made, shall be that mileage reported by the
eligible entities to the United States Secretary of Transportation,
as required by 49 U.S.C., Section 1611, as amended, or as reported
on Department of Transportation Data Intake Form 0-5, for the
previous fiscal year. If there are insufficient monies in the
Public Transit Revolving Fund to provide each eligible entity the
payment of vehicle revenue miles, the total miles of all eligible
entities shall be added together to form a mileage total. The
mileage total shall be divided into the total dollars available in
the Public Transit Revolving Fund to arrive at a monetary figure per
mile. The monies, in either event, shall be allocated to each
eligible entity based on the reported revenue mileage of the entity,
for the previous fiscal year.
Status: in_force · Read it on the official government site
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