California Government Code

§ 14070.4

GOV § 14070.4 Effective Jan 1, 2013Div. 3 · Title 2 · Part 5 · Ch. 1 · Art. 5

Statute text

(a)An interagency transfer agreement between the department and a joint powers board, when approved by the secretary, shall do all of the following:

(1)Specify the date and conditions for the transfer of responsibilities and identify the annual level of funding for the initial three years following the transfer and ensure that the level of funding is consistent with and sufficient for the planned service improvements within the corridor.

(2)Identify, for the initial year and subsequent years, the funds to be transferred to the board including state operating subsidies made available for intercity rail services in the corridor, and funds currently used by the department for administration and marketing of the corridor, with the amounts adjusted annually for inflation and in accordance with the business plan.

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Legislative history

Amended by Stats. 2012, Ch. 802, Sec. 5. (SB 1225) Effective January 1, 2013.