Reimbursement to the participating carriers shall be an amount equal to the seniors' or people with disabilities' reduced fare, multiplied by the number of eligible trips by seniors or people with disabilities participating in the NJ TRANSIT Reduced Fare Program, provided that the total payments to all carriers do not exceed the budget of NJ TRANSIT for this program. In cases where the carrier has rounded down the reduced fare to the nearest nickel, NJ TRANSIT shall reimburse an additional nickel per each qualified person. For bus service, eligible trips may be determined by the number of reduced fare tickets submitted by bus carriers, or such other reasonable method as shall be determined by NJ TRANSIT.
N.J. Admin. Code § 16:73-3.2