(A) Notwithstanding the potential benefits of farebox revenue financing for capital, it is the responsibility of the RTA to ensure the overall fiscal health of the regional system and to annually prepare a consolidated financial plan.
(B) Therefore, a plan shall be treated as provided in § 111.057 only if the following occurs.
(1) The calculation and accounting of the revenue to be derived from the fare increase is clearly specified in the plan.
(2) Such amounts are used by a Service Board solely to finance, construct or acquire public transportation facilities (as that term is defined in the Regional Transportation Authority Act) identified in the then current five-year program approved by the RTA.
(Ord. MET 88-87, passed 12-15-1988)