TITLE 7.8. SAN FRANCISCO BAY AREA TRANSPORTATION TERMINAL AUTHORITY [67500. - 67640.]
Title 7.8 added by Stats. 1974, Ch. 1373.
§§ 67500–67640 · 100 sections
CHAPTER 1. Title and Declaration of Policy §§ 67500–67501 · 2 sections
CHAPTER 2. Definitions §§ 67502–67512 · 11 sections
- § 67502 When the terms defined in this chapter are used in this title, they have the meanings ascribed to them in this chapter unless the context otherwise requires.
- § 67503 “Authority” means the San Francisco Bay Area Transportation Terminal Authority created by this title.
- § 67504 “Bonds” means the written evidence of any obligation incurred by the commission payable out of revenues as provided in Chapter 3 (commencing with Section…
- § 67505 “Bondholder” or “holder of bonds” or any similar term means any person who shall be the bearer of any outstanding bond registered to bearer or not registered,…
- § 67506 “Transbay transit terminal” means the existing bus terminal under the jurisdiction of the commission located at First and Mission Streets in the City and…
- § 67507 “Regional transit terminal” means the terminal to be developed and constructed under the provisions of this title, including any and all related facilities…
- § 67508 “Revenues” means all rates, rentals, fees, charges, or other income or revenue actually received or receivable from the operation of the regional transit…
- § 67509 “Indenture” means any resolution, agreement, or other document in writing under which bonds of the commission are authorized to be issued.
- § 67510 “Public corporation” means any county, city and county, city, town, municipal corporation, district of any kind or class, authority, redevelopment agency or…
- § 67511 “Commission” means the California Transportation Commission.
- § 67512 “Department” means the Department of Transportation.
CHAPTER 3. San Francisco Bay Area Transportation Terminal Authority §§ 67520–67640 · 87 sections
ARTICLE 1. Creation of the Authority §§ 67520–67522 · 3 sections
- § 67520 There is hereby created the San Francisco Bay Area Transportation Terminal Authority.
- § 67521 The authority is a public corporation of the State of California, independent of the agencies from which its board is appointed and in carrying out its…
- § 67522 The authority’s purpose shall be to develop plans for a regional transit terminal in the City and County of San Francisco on and immediately adjacent to the…
ARTICLE 2. Organization §§ 67525–67530 · 6 sections
- § 67525 (a) The authority shall be governed by a board composed of: (1) One member appointed by the Board of Directors of the Alameda-Contra Costa Transit District.…
- § 67526 All members of the authority or their duly designated alternates shall serve without pay, but they may receive their necessary actual expenses incurred in the…
- § 67527 A majority of the members of the board shall constitute a quorum and may act for the authority.
- § 67528 The authority shall maintain an office located in the City and County of San Francisco.
- § 67529 The authority may either employ an executive director, a secretary, an attorney, and such other officers, or employees, or consultants as are necessary to…
- § 67530 The authority may sue and be sued in the name of the San Francisco Bay Area Transportation Terminal Authority.
ARTICLE 3. General Powers §§ 67535–67547 · 13 sections
- § 67535 The authority shall terminate no later than December 31, 1981. The authority may terminate itself prior to that date if the following conditions are satisfied:…
- § 67536 The authority may sue and be sued in all courts of competent jurisdiction, except that the State of California does not consent to any suit filed against the…
- § 67537 (a) The authority shall investigate and evaluate various reasonable alternatives for the development of the regional transit terminal and, after public…
- § 67538 (a) The authority itself may develop, or may contract for the development of, plans and specifications for the regional transit terminal. (b) The department…
- § 67539 (a) The authority and the department shall have the power to apply for and accept grants and loans from any department or agency of the United States of…
- § 67540 The department may construct or may assist other public districts or agencies or carriers operating under a certificate of public convenience and necessity…
- § 67541 The authority may exercise the right of eminent domain for the condemnation of real or personal property or any right or interest therein for its use within…
- § 67542 The authority shall not commence any eminent domain proceedings unless the board first adopts by unanimous vote a resolution that meets the requirements of…
- § 67543 The authority may adopt such rules and regulations as may be necessary to enable it to exercise the powers and perform the duties conferred or imposed upon it…
- § 67544 The authority shall have power to deposit any moneys of the authority, in accordance with the provisions of the general laws of the State of California…
- § 67545 The authority shall not have power to levy taxes for any purpose whatsoever.
- § 67546 All property of the authority, and all income, rates, fees, rentals, and other charges received or collected by the authority shall be free and exempt from all…
- § 67547 The authority may adopt such rules and regulations governing the employment of any and all employees necessary to carry out its powers, including, without…
ARTICLE 4. Revenue Bonds §§ 67550–67591 · 42 sections
- § 67550 The commission may issue bonds for the acquisition, construction, reconstruction, completion, addition, betterment, improvement, extension, or repair of the…
- § 67551 The validity of the authorization and issuance of any bonds by the commission is not dependent on or affected in any way, except to the extent provided in the…
- § 67552 The commission shall issue bonds in its name. These bonds shall constitute obligations of the commission only, and neither the payment of the principal of any…
- § 67553 The commission shall determine the time, form, and manner of the issuance of bonds. The bonds shall be payable only out of specified revenues as the commission…
- § 67554 The commission may enter into indentures providing for the principal amount, date or dates, maturities, interest rate, denominations, form, registration,…
- § 67555 An indenture may include such covenants and agreements on the part of the commission as the commission deems necessary or advisable for the issue, payment,…
- § 67556 An indenture may include a clause requiring the commission to pay, or cause to be paid, punctually the principal of all such bonds and the interest thereon on…
- § 67557 An indenture may include a clause requiring the department to continuously operate the regional transit terminal and other facilities in an efficient and…
- § 67558 An indenture may include a clause requiring the department to make all necessary repairs, renewals, and replacements to the regional transit terminal and to…
- § 67559 An indenture may include a clause requiring the commission to preserve and protect the security of the bonds and the rights of the holders thereof and to…
- § 67560 An indenture may include a clause requiring the commission to pay and discharge, or cause to be paid and discharged, all lawful claims for labor, materials,…
- § 67561 An indenture may include a clause which limits, restricts, or prohibits any right, power, or privilege of the commission to mortgage or otherwise encumber,…
- § 67562 An indenture may include a clause requiring the commission to fix, prescribe, and collect rates, rents, fees, or other charges in connection with the regional…
- § 67563 An indenture may include a clause requiring the commission to hold in trust the proceeds of the bonds and the revenues pledged to the payment of such bonds and…
- § 67564 An indenture may include a clause limiting the power of the commission to apply the proceeds of the sale of any issue of bonds except as provided in the…
- § 67565 An indenture may include a clause limiting the power of the commission to issue additional bonds except upon such terms and conditions as are set forth in the…
- § 67566 An indenture may include a clause requiring, specifying, or limiting the kind, amount, and character of insurance to be maintained by the department on the…
- § 67567 An indenture may include a clause providing the events of default and the terms and conditions upon which such default and its consequences may be waived. An…
- § 67568 An indenture may include a clause prescribing a procedure by which the terms and conditions of the indenture may be subsequently amended or modified with the…
- § 67569 An indenture may include a clause providing for such other acts and matters as may be necessary or convenient or desirable in order to secure the bonds or to…
- § 67570 The commission may designate a bank or trust company, qualified to do business in this state, as a trustee for the commission and the holders of bonds issued…
- § 67571 The commission shall fix and determine, in an indenture, the conditions upon which any indenture trustee shall receive, hold, or disburse any or all revenues…
- § 67572 The commission may issue bonds in series and may divide any series into one or more divisions and fix different maturities or dates of such bonds, different…
- § 67573 Bonds may be issued as coupon bonds or as registered bonds. The commission may provide for the interchange of coupon bonds for registered bonds and registered…
- § 67574 Bonds shall bear interest at a rate of not to exceed 7 percent per annum, payable annually or semiannually, or in part annually and in part semiannually.
- § 67575 Bonds may be callable upon such terms and conditions and upon such notice as the commission may determine, and upon the payment of the premium fixed by the…
- § 67576 The commission may provide for the payment of the principal and interest of bonds at any place or places within or without the State of California, and in any…
- § 67577 The commission may provide for the execution and authentication of bonds by the manual, lithographed, or printed facsimile signature of officers of the…
- § 67578 Bonds shall bear dates prescribed by the commission. Bonds may be serial bonds or sinking fund bonds with such maturities as the commission may determine. No…
- § 67579 The commission may fix terms and conditions for the sale or other disposition of any authorized issue of bonds. The commission may sell bonds at less than…
- § 67580 The commission may provide, in the proceedings for the issuance of bonds, that the bonds and the interest thereon constitute such lien upon the revenues of the…
- § 67581 Interest on bonds may be paid out of the proceeds of the sale of the bonds during the period required for construction of the regional transit terminal or any…
- § 67582 Pending the actual issuance or delivery of definitive bonds, the commission may issue temporary or interim bonds, certificates or receipts of any denominations…
- § 67583 All bonds, and the interest thereon, are exempt from all taxation by the State of California or any public corporation other than gift, inheritance and…
- § 67584 The commission may provide for the issuance, sale, or exchange of refunding bonds for the purpose of redeeming or retiring any bonds issued by the commission.…
- § 67585 Refunding bonds may be issued in a principal amount sufficient to provide funds for the payment of all bonds to be refunded thereby, and in addition for the…
- § 67586 All bonds issued under the provisions of this chapter are negotiable instruments, except when registered in the name of a registered owner.
- § 67587 The commission may apply to the State Treasurer under the Districts Securities Law (Division 10 (commencing with Section 20000) of the Water Code), as such law…
- § 67588 Prior to the issuance of any bonds, the commission may commence in the Superior Court of the State of California, in and for the City and County of San…
- § 67589 No indenture need be recorded or filed in any public office, other than the office of the commission. The pledge of revenues provided in any indenture shall…
- § 67590 Subject to any applicable provisions which may be contained in an indenture, the commission may invest any available funds in bonds issued by it and may hold,…
- § 67591 While any bonds issued by the commission remain outstanding and unpaid, the power of the department to establish, levy, and collect rents, fees, and other…
ARTICLE 5. Acquisition, Construction, Completion, Improvement, Betterment, and Extension of the Regional Transit Terminal §§ 67600–67606 · 7 sections
- § 67600 After the transbay transit terminal has been transferred to the authority, it may thereafter proceed with construction of the regional transit terminal. It may…
- § 67601 The authority has full charge of the acquisition, construction, and completion of the regional transit terminal or any part thereof authorized by it. The…
- § 67602 Title to all property acquired by the authority and the revenues and income therefrom, is in the name of the authority. The title to any moneys, revenues,…
- § 67603 The authority may use for the payment of the cost of acquisition, construction, completion, additions, betterments, extensions and repairs of the regional…
- § 67604 The authority may insure against any accident to or destruction of the regional transit terminal or any part thereof. Any money collected on such insurance…
- § 67605 The authority may insure against loss of revenues from any cause whatsoever and the proceeds of any such insurance shall be used as provided in the indenture…
- § 67606 The authority may insure against public liability or property damage. It may provide in the proceedings authorizing the issuance of any revenue bonds for the…
ARTICLE 6. Rents, Rates, Fees, and Charges §§ 67610–67613 · 4 sections
- § 67610 (a) If the department contracts with a developer for the design, construction, operation, and management of the regional transit terminal, the contract shall…
- § 67611 Subject to such contractual obligations as may be entered into by the commission and the holders of bonds issued under this chapter, the department is…
- § 67612 All rates, rents, fees, and charges shall comply with the provisions of any applicable indenture. The bond redemption and interest payments shall, to the…
- § 67613 The commission may provide in an indenture that the rates, rents, fees, and charges established are minimum rates, rents, fees, and charges and subject to…
ARTICLE 7. Rights of Bondholders §§ 67620–67621 · 2 sections
- § 67620 The holder of any bond may, for the equal benefit and protection of all holders of bonds similarly situated, do either of the following: (a) By mandamus or…
- § 67621 The enumeration of the rights and remedies in Section 67620 does not exclude the exercise or prosecution of any other rights or remedies available to the…
ARTICLE 8. Contributions and Cooperation §§ 67625–67626 · 2 sections
- § 67625 The authority may accept contributions or appropriations from the United States of America, the State of California, or any department or agency of either…
- § 67626 The authority may cooperate and contract with the United States of America under any act of Congress heretofore or hereafter enacted authorizing or permitting…
ARTICLE 9. Funds §§ 67630–67636 · 7 sections
- § 67630 The proceeds from the sale of bonds shall be paid to any bank or trust company designated as the fiscal agent, trustee, or depositary of the commission, as…
- § 67631 The proceeds of the sale of bonds shall be deposited and disbursed as provided in the indenture authorizing the issuance of such bonds.
- § 67632 Any surplus moneys which shall exist after the payment in full of all costs of acquisition, construction, and completion of the regional transit terminal or…
- § 67633 The commission shall, in any indenture, designate a trustee or fiscal agent, which shall be a bank or trust company, or banks or trust companies, duly…
- § 67634 The proceeds of the sale of bonds, held by any fiscal agent, trustee, or depositary of the commission, not currently required to meet acquisition or…
- § 67635 All revenues received from the operation of the regional transit terminal shall be paid over by the authority, to any fiscal agent, trustee, or depositary…
- § 67636 Notwithstanding any of the foregoing provisions of this article, the indenture may specify the fund or funds into which any part of the proceeds from the sale…
ARTICLE 10. General Authority § 67640 · 1 section
- § 67640 The authority and its officers and agents may perform such acts and enter into such agreements, not inconsistent with law, as may be necessary or desirable in…