Laserfiche WebLink
the State Treasury and which is hereby declared to be a trust fund. The Legislature may not <br /> change the status of the Transportation Investment Fund as a trust fund. <br /> (b)(1) For the 2003 -04 to 2007 -08 fiscal years, inclusive, moneys in the Transportation <br /> Investment Fund shall be allocated, upon appropriation by the Legislature, in accordance with <br /> Section 7104 of the Revenue and Taxation Code as that section read on March 6, 2002. <br /> (2) For the 2008 -09 fiscal year and each fiscal year thereafter, moneys in the <br /> Transportation Investment Fund shall be allocated solely for the following purposes: <br /> (A) Public transit and mass transportation. Moneys appropriated for public transit and <br /> mass transportation shall be allocated as follows: 0) Twenty -five percent pursuant to <br /> subdivision (b) of Section 99312 of the Public Utilities Code, as that section read on July 30, <br /> 2009; (ii) Twenty -five percent pursuant to subdivision (c) of Section 99312 of the Public Utilities <br /> Code, as that section read on July 30, 2009; and (iii) Fifty percent for the purposes of <br /> subdivisions (a) and (b) of Section 99315 of the Public Utilities Code, as that section read on July <br /> 30, 2009. <br /> (B) Transportation capital improvement projects, subject to the laws governing the State <br /> Transportation Improvement Program, or any successor to that program. <br /> (C) Street and highway maintenance, rehabilitation, reconstruction, or storm damage <br /> repair conducted by cities, including a city and county. <br /> (D) Street and highway maintenance, rehabilitation, reconstruction, or storm damage <br /> repair conducted by counties, including a city and county. <br /> (c) For the 2008 -09 fiscal year and each fiscal year thereafter, moneys in the <br /> Transportation Investment Fund are hereby continuously appropriated to the Controller <br /> without regard to fiscal years, which shall be allocated, <br /> as follows: <br /> (A) Twenty percent of the moneys for the purposes set forth in subparagraph (A) of <br /> paragraph (2) of subdivision (b). <br /> (B) Forty percent of the moneys for the purposes set forth in subparagraph (B) of <br /> paragraph (2) of subdivision (b). <br /> (C) Twenty percent of the moneys for the purposes set forth in subparagraph (C) of <br /> paragraph (2) of subdivision (b). <br /> (D) Twenty percent of the moneys for the purposes set forth in subparagraph (D) of <br /> paragraph (2) of subdivision (b). <br /> 13 <br />