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MARVIN MANDEL, Governor 557
NOTWITHSTANDING ANY OTHER PROVISION IN THIS COMPACT
CONTAINED, WMATC SHALL HAVE NO AUTHORITY WITH RESPECT
THERETO, OR WITH RESPECT TO ANY CONTRACTOR IN CONNECTION
WITH THE OPERATION BY IT OF TRANSIT FACILITIES OWNED OR
CONTROLLED BY THE AUTHORITY. THE DETERMINATIONS OF THE
BOARD WITH RESPECT TO SUCH MATTERS SHALL NOT BE SUBJECT
TO JUDICIAL REVIEW NOR TO THE PROCESSES OF ANY COURT.
61. STANDARDS.
INSOFAR AS PRACTICABLE, AND CONSISTENT WITH THE
PROVISION OF ADEQUATE SERVICE AT REASONABLE FARES, THE
RATES AND FARES AND SERVICE SHALL BE FIXED BY THE BOARD
SO AS TO RESULT IN REVENUES WHICH WILL:
(A) PAY THE OPERATING EXPENSES AND PROVIDE FOR
REPAIRS, MAINTENANCE AND DEPRECIATION OF THE TRANSIT
SYSTEM OWNED OR CONTROLLED BY THE AUTHORITY;
(B) PROVIDE FOR PAYMENT OF ALL PRINCIPAL AND
INTEREST ON OUTSTANDING REVENUE BONDS AND OTHER
OBLIGATIONS AND FOR PAYMENT OF ALL AMOUNTS TO SINKING
FUNDS AND OTHER FUNDS AS MAY BE REQUIRED BY THE TERMS OF
ANY INDENTURE OR LOAN AGREEMENT;
(C) PROVIDE FOR THE PURCHASE, LEASE OR ACQUISITION
OF ROLLING STOCK, INCLUDING PROVISIONS FOR INTEREST,
SINKING FUNDS, RESERVE FUNDS, OR OTHER FUNDS REQUIRED FOR
THE PAYMENT OF ANY OBLIGATIONS INCURRED BY THE AUTHORITY
FOR THE ACQUISITION OF ROLLING STOCK; AND
(D) PROVIDE FUNDS FOR ANY PURPOSE THE BOARD DEEMS
NECESSARY AND DESIRABLE TO CARRY OUT THE PURPOSES OF THIS
TITLE.
62. HEARINGS.
(A) THE BOARD SHALL NOT MAKE OR CHANGE ANY FARE OR
RATE, NOR ESTABLISH OR ABANDON ANY SERVICE EXCEPT AFTER
HOLDING A PUBLIC HEARING WITH RESPECT THERETO.
(3) ANY SIGNATORY, ANY POLITICAL SUBDIVISION
THEREOF, ANY AGENCY OF THE FEDERAL GOVERNMENT AND ANY
PERSON, FIRM OR ASSOCIATION SERVED BY OR USING THE
TRANSIT FACILITIES OF THE AUTHORITY AND ANY PRIVATE
CARRIER MAY FILE A REQUEST WITH THE BOARD FOR A HEARING
WITH RESPECT TO ANY RATES OR CHARGES MADE BY THE BOARD OR
ANY SERVICE RENDERED WITH THE FACILITIES OWNED OR
CONTROLLED BY THE AUTHORITY. SUCH REQUEST SHALL BE IN
WRITING, SHALL STATE THE MATTER ON WHICH A HEARING IS
REQUESTED AND SHALL SET FORTH CLEARLY THE MATTERS AND
THINGS ON WHICH THE REQUEST RELIES. AS PROMPTLY AS
POSSIBLE AFTER SUCH A REQUEST IS FILED, THE BOARD, OR
SUCH OFFICER OR EMPLOYEE AS IT MAY DESIGNATE, SHALL
CONFER WITH THE PROTESTANT WITH RESPECT TO THE MATTERS
COMPLAINED OF. AFTER SUCH CONFERENCE, THE BOARD, IF IT
DEEMS THE MATTER MERITORIOUS AND OF GENERAL SIGNIFICANCE,
MAY CALL A HEARING WITH RESPECT TO SUCH REQUEST.
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