Okla. Stat. tit. 69, § 69-4035
This is the official text of Okla. Stat. tit. 69, § 69-4035, 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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Retention of certain percentage of monies to fund new
Official statutory text
mass transportation programs.
For each fiscal year, the Oklahoma Department of Transportation
shall retain five percent (5%) of the total amount of monies
contained in the Public Transit Revolving Fund and shall use the
retained monies to fund new public mass transportation programs, in
areas not served by mass transportation as of July 1, 1990, as
authorized and determined by the Department. Eligible entities
desiring to begin new public mass transportation programs shall
submit a request for monies from the Public Transit Revolving Fund
to the Department showing the area to be served, the total mileage
of the proposed service, and the amount of funding desired. The
Department shall allocate the monies to eligible entities within
three (3) months of the date of the request for monies from the
Public Transit Revolving Fund. New public mass transportation
programs shall receive payment at the rate of seventy-five cents
($0.75) per passenger mile. Any retained monies not allocated
during the fiscal year shall remain in the Public Transit Revolving
Fund to be allocated as provided in this section and Section 4034 of
this title.
For each fiscal year, the Oklahoma Department of Transportation
shall retain five percent (5%) of the total amount of monies
contained in the Public Transit Revolving Fund and shall use the
retained monies to fund new public mass transportation programs, in
areas not served by mass transportation as of July 1, 1990, as
authorized and determined by the Department. Eligible entities
desiring to begin new public mass transportation programs shall
submit a request for monies from the Public Transit Revolving Fund
to the Department showing the area to be served, the total mileage
of the proposed service, and the amount of funding desired. The
Department shall allocate the monies to eligible entities within
three (3) months of the date of the request for monies from the
Public Transit Revolving Fund. New public mass transportation
programs shall receive payment at the rate of seventy-five cents
($0.75) per passenger mile. Any retained monies not allocated
during the fiscal year shall remain in the Public Transit Revolving
Fund to be allocated as provided in this section and Section 4034 of
this title.
Status: in_force · Read it on the official government site
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