In order to promote the purposes of the Sensible Transportation Policy Act set forth in section 73, a transit bonus payment
program is established. The program is governed by the provisions of this section. [2001, c. 681, §1 (NEW).]
1.Application. A municipality that increases its qualifying expenditures for transit over a base year may apply to the department for a
transit bonus to the municipality's Urban-Rural Initiative Program payment, as defined in section 1803-B.
[
2001, c. 681, §1 (NEW)
.]
2.Qualifying expenditures for transit. As used in this section, "qualifying expenditures for transit" means a municipality's total annual expenditures derived
from municipal revenue sources that are used for the operations of a seasonal or year-round transit service that has been
established for at least 3 years and that provides scheduled service for at least 3 days per week.
[
2001, c. 681, §1 (NEW)
.]
3.Use of funds. All funds distributed pursuant to this section must be used for the purposes set forth in sections 1801 and 1803-B.
[
2001, c. 681, §1 (NEW)
.]
4.Program funding cap. The annual amount available for distribution under this section may not exceed 2.5% of the annual funding dedicated for
the Urban-Rural Initiative Program. All funds not distributed each year lapse to the Highway Fund.
[
2001, c. 681, §1 (NEW)
.]
5.Distribution of funds. Beginning July 1, 2003, the department shall increase an Urban-Rural Initiative Program payment for a municipality that
applies under subsection 1 on a dollar-for-dollar basis. After the total of qualifying applications for reimbursement exceeds
the annual amount available for distribution provided under subsection 4, funds must be apportioned according to the amount
of each municipality's increase of qualifying expenditures, ridership or other factors determined by the department.
[
2001, c. 681, §1 (NEW)
.]
6.Rules. The commissioner shall adopt rules to implement this section. Rules adopted pursuant to this subsection are routine technical
rules as defined in Title 5, chapter 375, subchapter II-A.
[
2001, c. 681, §1 (NEW)
.]
SECTION HISTORY
2001, c. 681, §1 (NEW).
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