Volume 771, Page 3748 View pdf image |
Ch. 626 LAWS OF MARYLAND action required by the General Assembly, this Act shall be SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Article - Transportation 10-207. (a)(1) In this section, THE FOLLOWING WORDS HAVE THE (2) "ELIGIBLE local bus [system] SERVICE": (I) [means a bus transit system] MEANS THE (II) IS LIMITED TO SERVICE [owned or] operated (3) "COSTS" MEAN: (I) OPERATING COSTS OF ELIGIBLE LOCAL BUS (II) AN ALLOWANCE FOR THE REPLACEMENT OF BUSES (4) "SERVICE DEFICIT" MEANS COSTS LESS: (I) THE GREATER OF REVENUES COLLECTED UNDER (II) ALL FEDERAL OPERATING ASSISTANCE. [(b) In this section, "operating deficit" means operating (1) The greater of operating revenues or 50 percent (2) All federal operating assistance.] - 3748 -
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Volume 771, Page 3748 View pdf image |
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