§ 1414.

USE OF PROCEEDS

The proceeds of the taxes imposed by this ordinance shall be used solely for the projects and purposes set forth in the New Transportation Expenditure Plan and its updates and for the administration thereof. In accordance with the legislative intent expressed in California Public Utilities Code Section 131100 such proceeds shall not replace funds previously provided by property tax revenues for public transportation purposes. As a condition for allocation of funds by the Authority, the recipient department or agency shall certify to the Authority that the funds will not be substituted for property tax funds which are currently utilized to fund existing local transportation programs.

History

(Added by Ord. 267-89, App. 7/27/89; amended by Proposition K, 11/4/2003)

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