Oklahoma § 69-4034 - Allocation formula

§ 69-4034. Allocation formula

The monies authorized for public transportation pursuant to this

act shall be allocated among the eligible entities for the payment

of reported vehicle revenue miles. The allocation for Oklahoma

Oklahoma Statutes - Title 69. Roads, Bridges, and Ferries

County mass transit shall not exceed twenty percent (20%) of the

total monies available in the Public Transit Revolving Fund. The

allocation to the Tulsa County mass transit shall not exceed twenty

percent (20%) of the total available funds. The mileage, upon which

payment is to be made, shall be that mileage reported by the

eligible entities to the United States Secretary of Transportation,

as required by 49 U.S.C., Section 1611, as amended, or as reported

on Department of Transportation Data Intake Form 0-5, for the

previous fiscal year. If there are insufficient monies in the

Public Transit Revolving Fund to provide each eligible entity the

payment of vehicle revenue miles, the total miles of all eligible

entities shall be added together to form a mileage total. The

mileage total shall be divided into the total dollars available in

the Public Transit Revolving Fund to arrive at a monetary figure per

mile. The monies, in either event, shall be allocated to each

eligible entity based on the reported revenue mileage of the entity,

for the previous fiscal year.

Added by Laws 1990, c. 250, § 4, operative July 1, 1990. Amended by

Laws 1998, c. 138, § 1, emerg. eff. April 16, 1998.