(a) Eligibility.--A local transportation organization may apply for financial assistance under this section.
(b) Applications.--The department shall establish the contents of the application for the program established under this section. The information shall be in addition to information required under section 1507 (relating to application and approval process).
(c) Distribution formula.--The department shall award financial assistance under this section based on the number of passengers. The actual amount awarded to a local transportation organization under this subsection shall be calculated as follows:
(1) Multiply the local transportation organization's passengers by the total amount of funding available under this section.
(2) Divide the product under paragraph (1) by the sum of the passengers for all qualifying local transportation organizations.
(d) Payments.--Financial assistance under this section shall be paid to local transportation organizations at least quarterly.
(e) Reduction in financial assistance.--Financial assistance provided to a local transportation organization under this section shall be reduced by any financial assistance received previously under this section which has not been spent or committed in a contract within three years of its receipt.
(f) Certification ends funding.--Financial assistance under this section shall cease when the secretary certifies that funds are no longer available for the program established under this section.
Credits
2007, July 18, P.L. 169, No. 44, § 3, retroactive effective July 1, 2007. Amended 2013, Nov. 25, P.L. 974, No. 89, § 10, effective in 60 days [Jan. 24, 2014].
74 Pa.C.S.A. § 1517, PA ST 74 Pa.C.S.A. § 1517
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
