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the State Treasury and which is hereby declared to be a trust fund. The Legislature may not <br />change the status of the Transportation Investment Fund as a trust fund. <br />(b)(1) For the 2003 -04 to 2007 -08 fiscal years, inclusive, moneys in the Transportation <br />Investment Fund shall be allocated, upon appropriation by the Legislature, in accordance with <br />Section 7104 of the Revenue and Taxation Code as that section read on March 6, 2002. <br />(2) For the 2008 -09 fiscal year and each fiscal year thereafter, moneys in the <br />Transportation Investment Fund shall be allocated solely for the following purposes: <br />(A) Public transit and mass transportation. Moneys appropriated for public transit and <br />mass transportation shall be allocated as follows: (i) Twenty-five percent pursuant to <br />subdivision (b) of Section 99312 of the Public Utilities Code, as that section read on July 30, <br />2009; (ii) Twenty -five percent pursuant to subdivision (c) of Section 99312 of the Public Utilities <br />Code, as that section read on July 30, 2009; and (iii) Fifty percent for the purposes of <br />subdivisions (a) and (b) of Section 99315 of the Public Utilities Code, as that section read on July <br />30. 2009. <br />(B) Transportation capital improvement projects, subject to the laws governing the State <br />Transportation Improvement Program, or any successor to that program. <br />(C) Street and highway maintenance, rehabilitation, reconstruction, or storm damage <br />repair conducted by cities, including a city and county. <br />(D) Street and highway maintenance, rehabilitation, reconstruction, or storm damage <br />repair conducted by counties, including a city and county. <br />(c) For the 2008 -09 fiscal year and each fiscal year thereafter, moneys in the <br />Transportation Investment Fund are hereby continuously appropriated to the Controller <br />without regard to fiscal years, which shall be allocated, <br />as follows: <br />(A) Twenty percent of the moneys for the purposes set forth in subparagraph (A) of <br />paragraph (2) of subdivision (b). <br />(B) Forty percent of the moneys for the purposes set forth in subparagraph (B) of <br />paragraph (2) of subdivision (b). <br />(C) Twenty percent of the moneys for the purposes set forth in subparagraph (C) of <br />paragraph (2) of subdivision (b). <br />(D) Twenty percent of the moneys for the purposes set forth in subparagraph (D) of <br />paragraph (2) of subdivision (b). <br />13 <br />