An operator may, as part of its claim, propose that the transportation planning agency make a commitment to allocate moneys annually for up to five years for installments on a long-term capital outlay. A commitment is neither an allocation nor a pledge of the security of anticipated allocations, and an operator shall not execute any document which purports to evidence such an encumbrance. However, a commitment approved by the transportation planning agency may thereafter be cited as available local matching moneys for the purpose of applying for federal transportation grants.
Cal. Code Regs. Tit. 21, § 6631
2. Editorial correction adding NOTE filed 6-21-84; effective thirtieth day thereafter (Register 84, No. 25).
Note: Authority cited: Section 99241, Public Utilities Code. Reference: Sections 99230 and 99231, Public Utilities Code.
2. Editorial correction adding NOTE filed 6-21-84; effective thirtieth day thereafter (Register 84, No. 25).