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Additional funds will be provided through the state Transportation Development Act and Regional Measure 2, which was approved by Bay Area voters in 2004.
The Transportation Development Act of 1971 requires that one-fourth of the 6 percent state sales tax revenue collected in Los Angeles County be returned to the county for public transportation purposes.
The NCTPA also works with the Metropolitan Transportation Commission to coordinate funds from the Transportation Development Act (TDA) for transit, paratransit, streets and roads, and bicycle projects.
According to the MTA, the Transportation Development Act of 1971 requires that one-fourth of the 6 percent state sales tax revenue collected in Los Angeles County be returned to the county for public transportation purposes.
Further, by pooling state Transportation Development Act funds that would normally have been allocated by MTC to each individual city and the county, they have established a funding base that will allow for the expansion and improvement of transit in the county over the next decade.
4, 1996--The Orange County bankruptcy relief package approved by the California Legislature on September 15, 1995 and signed into law by Governor Wilson on October 9, 1995 included three bills stipulating the diversion of Transportation Development Act (TDA) funds normally earmarked for public transit services provided by the Orange County Transportation Authority (OCTA).
5 million in vehicle license fees; close to $550,000 in property taxes; $463,000 in sales tax; just under $360,000 in state Transportation Development Act funding; $120,000 in regional surface transportation program funding; and $24,000 from the transient occupancy tax, the ``bed tax'' charged to hotel and motel visitors.
The public hearing is part of MTC's process of allocating Transportation Development Act (TDA) moneys to transit agencies and local governments for the fiscal year 2001-2002.