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AC TRANSIT DISTRICT GM Memo No. 07-225 Board of Directors ...

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and reviewed, I believe it is at best premature to consider this<br />

measure at this time. Finally, this bill only encourages the use <strong>of</strong><br />

biodiesel blend fuels in school and transit buses, excluding<br />

renewable diesel fuels which are potentially higher quality than<br />

biodiesel and which could greatly expand the supply <strong>of</strong> attractive<br />

diesel fuels.”<br />

SB 717 (Perata)<br />

E-09/17/20<strong>07</strong><br />

Transportation Signed Into Law <strong>AC</strong> Transit-Support<br />

Investment Fund.<br />

Chapter<br />

NOTE: This bill would continue the transfer <strong>of</strong> Prop 42 sales tax<br />

revenue to the Transportation Investment Fund (TIF) beginning in<br />

fiscal year 2008-09 according to the existing 40-40-20 formula.<br />

The bill also alters the division <strong>of</strong> the 20% allocated to the Public<br />

Transportation Account. As amended the transit share would be<br />

split with 75% allocated pursuant to the State Transit Assistance<br />

formula and 25% allocated to transit capital projects programmed<br />

through the STIP.<br />

SB 976 (Torlakson)<br />

E-09/17/20<strong>07</strong><br />

San Francisco Bay Signed Into Law <strong>AC</strong> Transit-Watch<br />

Area Water<br />

Emergency<br />

Transportation<br />

Authority.<br />

Chapter<br />

NOTE: This bill would overhaul the authorizing statute for the<br />

Water Transit Authority, and would create the San Francisco Bay<br />

Area Water Emergency Transportation Authority.<br />

The Governor issued the following statement in signing this bill:<br />

“While I support this bill and its goals, many issues remain to be<br />

concluded to their ultimate resolution including implementation,<br />

scope <strong>of</strong> authority, and operations. These issues must be resolved<br />

in an equitable manner for the operators and passengers, both<br />

current and future. The Legislature has committed to providing<br />

that equity and I am signing this bill based on that commitment to<br />

the Bay Area. I urge the Legislature and the new created authority<br />

to work with Bay Area cities, ferry operators, commuters, and all<br />

other interested parties to ensure that equity is provided in the<br />

appropriate manner.”<br />

In summary, SB 976 makes the following changes:<br />

8

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