Okla. Stat. tit. 69, § 69-4035: Retention of certain percentage of monies to fund new

mass transportation programs.

For each fiscal year, the Oklahoma Department of Transportation

shall retain five percent (5%) of the total amount of monies

contained in the Public Transit Revolving Fund and shall use the

retained monies to fund new public mass transportation programs, in

areas not served by mass transportation as of July 1, 1990, as

authorized and determined by the Department. Eligible entities

desiring to begin new public mass transportation programs shall

submit a request for monies from the Public Transit Revolving Fund

to the Department showing the area to be served, the total mileage

of the proposed service, and the amount of funding desired. The

Department shall allocate the monies to eligible entities within

three (3) months of the date of the request for monies from the

Public Transit Revolving Fund. New public mass transportation

programs shall receive payment at the rate of seventy-five cents

($0.75) per passenger mile. Any retained monies not allocated

during the fiscal year shall remain in the Public Transit Revolving

Fund to be allocated as provided in this section and Section 4034 of

this title.