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Illinois Compiled Statutes - Full Text
Illinois Compiled Statutes (ILCS)
Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.
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(30 ILCS 740/3-1.03) (from Ch. 111 2/3, par. 684)
Sec. 3-1.03.
"Operating deficits" means the amount by which
eligible operating expenses exceed revenues from nonreimbursable fares,
rental of properties, advertising, and any other amounts collected or received
in the process of providing public transportation under this Article which,
under standard accounting practices for the providing of public transportation
are properly
classified as operating revenue or operating income attributable to providing
public transportation under this Article. For purposes of determining operating
deficits, operating revenue or operating income shall not include such funds
as the Department may determine consistent with federal Department of Transportation
regulations and requirements affecting Section 18.
(Source: P.A. 82-783.)
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