sec.62AACWhat is an integrated mass transit service contract

### sec.62AAC What is an integrated mass transit service contract An integrated mass transit service contract is a service contract for a general route service in the integrated mass transit area, under which contract— the holder charges the fare set by the chief executive; and the State retains the revenue; and the State pays the holder for the services provided. An integrated mass transit service contract does not give the holder the exclusive right to operate a general route service in the service contract area or route the subject of the contract. For subsection (1) , it does not matter whether the service contract was entered into before or after the commencement of this section. s 62AAC ins 2004 No. 9 s 18 amd 2008 No. 32 s 88 ; 2012 No. 31 s 9 (sec.62AAC-ssec.1) An integrated mass transit service contract is a service contract for a general route service in the integrated mass transit area, under which contract— the holder charges the fare set by the chief executive; and the State retains the revenue; and the State pays the holder for the services provided. (sec.62AAC-ssec.2) An integrated mass transit service contract does not give the holder the exclusive right to operate a general route service in the service contract area or route the subject of the contract. (sec.62AAC-ssec.3) For subsection (1) , it does not matter whether the service contract was entered into before or after the commencement of this section. - (a) the holder charges the fare set by the chief executive; and - (b) the State retains the revenue; and - (c) the State pays the holder for the services provided.