Laws, Regulations & Annotations
Business Taxes Law Guide – Revision 2011
Motor Vehicle Fuel Tax Law
CHAPTER 12. METROPOLITAN TRANSPORTATION COMMISSION.1
8509. Disposition of revenue. The net revenues received by the commission shall be expended only in accordance with the regional transportation expenditure plan adopted pursuant to Section 8503, except that the commission may deduct from those revenues funds to reimburse it for expenses incurred in the initial implementation of this chapter, and thereafter, its cost of administration, not to exceed 1 percent of annual net revenues.
1Added by Stats. 1997, Ch. 878 (AB 595), in effect January 1, 1998.