Capital stock is the number of common and preferred shares that a company is authorized to issue, and is recorded in shareholders' equity. If the plan is approved, Rent Program staff will determine the allowable pass through based on a formula set forth in the Capital Improvement Policy.Alameda's two year capital improvement program (CIP) provides a roadmap for investing funds in our City's streets, sewers, stormwater. This section lays out the annual update to this project plan. The meaning of CAPITAL STOCK is the outstanding shares of a jointstock company considered as an aggregate. The 2000 Measure B Transportation Expenditure Plan requires that a capital project be fully funded before Measure B funds are expended on the project. City and County in the financing of public capital improvements in the OaklandAlameda County Coliseum Complex.