TITLE 6.7. INFRASTRUCTURE FINANCE [63000. - 64132.]
Title 6.7 added by Stats. 1994, Ch. 94, Sec. 1.
§§ 63000–64132 · 176 sections
DIVISION 1. THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT §§ 63000–63089.99 · 142 sections
CHAPTER 1. General Provisions §§ 63000–63010 · 3 sections
ARTICLE 1. Findings and Declarations §§ 63000–63002 · 2 sections
ARTICLE 2. Definitions § 63010 · 1 section
- § 63010 For purposes of this division, the following words and terms shall have the following meanings unless the context clearly indicates or requires another or…
CHAPTER 2. California Infrastructure and Economic Development Bank §§ 63021–63049.75 · 71 sections
ARTICLE 1. Creation of the Bank §§ 63021–63028 · 14 sections
- § 63021 (a) There is within the Governor’s Office of Business and Economic Development the Infrastructure and Economic Development Bank which shall be responsible for…
- § 63021.5 (a) The bank shall be governed and its corporate power exercised by a board of directors that shall consist of the following persons: (1) The Director of…
- § 63022 The executive director shall manage and conduct the business and affairs of the bank, the infrastructure bank fund, and guarantee trust fund, subject to the…
- § 63022.5 (a) The officers of the bank shall be subject to the Political Reform Act of 1974 (Title 9 (commencing with Section 81000)), the applicable rules and standards…
- § 63023 In administering and directing the day-to-day operations of the bank in regard to this division, the executive director, or whoever he or she shall assign, may…
- § 63023.1 The board may delegate to the executive director, or whomever he or she shall assign, the authority to execute a contract or agreement, execute an instrument,…
- § 63024 The executive director may contract for technical services with the Department of Finance, the State Department of Health Care Services, the State Department…
- § 63024.5 Where a state agency is authorized under state law to request that the bank issue bonds on its behalf, the agency may request, and the bank may issue, the…
- § 63025 The bank board shall do the following: (a) Adopt bylaws for the regulation of its affairs and the conduct of its business. (b) Adopt an official seal.
- § 63025.1 The bank board may do or delegate the following to the executive director: (a) Sue and be sued in its own name. (b) As provided in Chapter 5 (commencing with…
- § 63025.2 Nothing in Section 63025.1 shall be construed to extend or limit the authority of the bank that is otherwise provided in Section 19130.
- § 63026 The fiscal powers granted to the bank by this part may be exercised without regard or reference to any other department, division, or agency of the state,…
- § 63027 (a) The bank may provide insurance or reinsurance of loans or portions thereof, or their debt service, including amounts payable as premiums of penalties in…
- § 63028 The bank assumes and shall observe, keep, and perform all of the responsibilities, liabilities, and obligations of the former California Economic Development…
ARTICLE 2. General Provisions §§ 63030–63036 · 8 sections
- § 63030 Bonds issued by the bank or a special purpose trust are legal investments for all trust funds, the funds of all insurance companies, banks, both commercial and…
- § 63031 No liability shall be incurred by the bank beyond the extent to which funds have been provided under this division. However, for the purposes of meeting the…
- § 63032 (a) Neither the bank nor a special purpose trust authorized by the bank is required to pay any property taxes or assessments upon, or with respect to, any…
- § 63033 The state does hereby pledge to, and agrees with, the holders of any bonds issued under this division, and with those parties who may enter into contracts with…
- § 63034 The bank shall establish a reasonable schedule of administrative fees, which shall be paid by the sponsor or the participating party pursuant to Section 63074,…
- § 63035 (a) The bank shall, not later than January 1 of each year, submit to the Strategic Growth Council, the Governor, the Speaker of the Assembly, the President pro…
- § 63035.5 The report required by Section 63035 shall be submitted to the Governor and the Joint Legislative Budget Committee on a quarterly basis during the 1999–2000…
- § 63036 It is the intent of the Legislature that the activities of the bank be fully coordinated with any future legislative plan involving growth management…
ARTICLE 3. Local Resolution Applying for Bank Financing §§ 63040–63041.5 · 3 sections
- § 63040 (a) Following consultation with appropriate state and local agencies, the bank shall establish criteria, priorities, and guidelines for the selection of…
- § 63041 (a) Prior to submitting a project to the bank for consideration, the legislative body or bodies of the sponsor or sponsors of the project shall find, by…
- § 63041.5 (a) It is the intent of the Legislature to provide a one-time appropriation for financial assistance to local government to meet capital outlay and…
ARTICLE 4. Financing of Transition Costs § 63042 · 1 section
- § 63042 Notwithstanding any other provision of this division, a project for the financing of transition costs and the acquisition of transition property upon the…
ARTICLE 5. Financing Economic Development Facilities §§ 63043–63047 · 5 sections
- § 63043 Notwithstanding any other provision of this division, Article 3 (commencing with Section 63040) and Article 4 (commencing with Section 63042), shall not apply…
- § 63044 The bank shall consider a project for conduit financing for economic development facilities upon filing of an application with the bank by an appropriate…
- § 63045 In order to provide or arrange for the financing of economic development facilities, the bank may: (a) Issue taxable revenue bonds pursuant to Chapter 5…
- § 63046 No financing shall be made by the bank under this article unless the bank shall have first determined that the financing or assistance meets the following…
- § 63047 (a) Any loan entered into pursuant to this article may contain provisions for payment of a penalty if any recipient of funds under this article leaves this…
ARTICLE 5.5. Financing Public Development Facilities § 63047.1 · 1 section
- § 63047.1 Any housing financed pursuant to this chapter shall meet all of the following conditions: (a) Any tax-exempt revenue bonds issued by the bank under a state…
ARTICLE 6. State Water Pollution Control Revolving Fund Program §§ 63048–63048.5 · 3 sections
- § 63048 For purposes of this article, the following terms have the following meanings, unless the context clearly indicates or requires another meaning: (a)“Board”…
- § 63048.3 Notwithstanding any other provision of this division, Article 3 (commencing with Section 63040), Article 4 (commencing with Article 63042), and Article 5…
- § 63048.5 (a) The bank may issue taxable or tax-exempt revenue bonds pursuant to Chapter 5 (commencing with Section 63070) and deposit the proceeds from the bonds into…
ARTICLE 6.3. Safe Drinking Water State Revolving Fund §§ 63048.55–63048.57 · 3 sections
- § 63048.55 For the purposes of this article, the following terms have the following meanings: (a) “Department” means the State Department of Public Health. (b) “Revolving…
- § 63048.56 Notwithstanding any other law, Article 3 (commencing with Section 63040), Article 4 (commencing with Section 63042), and Article 5 (commencing with Section…
- § 63048.57 (a) The bank may issue taxable or tax-exempt revenue bonds pursuant to Chapter 5 (commencing with Section 63070) and deposit the proceeds from the bonds into…
ARTICLE 6.5. Tribal Compact Assets Securitization §§ 63048.6–63048.9 · 4 sections
- § 63048.6 The definitions contained in this section are in addition to the definitions contained in Section 63010 and together with the definitions contained in that…
- § 63048.63 (a) The Legislature hereby finds and declares: (1) The financial and legal records of California Indian tribes and tribal business enterprises are records of a…
- § 63048.65 (a) Prior to July 1, 2015, three hundred twenty-one million dollars ($321,000,000) of the one billion two hundred million dollars ($1,200,000,000) of loans…
- § 63048.9 This article and all powers granted hereby shall be liberally construed to effectuate its intent and their purposes.
ARTICLE 6.7. Climate Catalyst Revolving Fund Act of 2020 §§ 63048.91–63048.100 · 10 sections
- § 63048.91 (a) This chapter shall be known, and may be cited, as the Climate Catalyst Revolving Fund Act of 2020. (b) Notwithstanding any other provision of this…
- § 63048.92 The definitions contained in this section are in addition to the definitions contained in Section 63010 and together with the definitions contained in that…
- § 63048.93 (a) The bank is hereby authorized and empowered to provide financial assistance under the Climate Catalyst Revolving Fund Program to any eligible sponsor or…
- § 63048.94 (a) Annually, commencing January 1, 2023, and no later than January 1 of each year thereafter, the bank shall prepare and submit, as specified in subdivision…
- § 63048.95 (a) (1) There is hereby created in the State Treasury the Climate Catalyst Revolving Fund for the purpose of implementing the objectives and provisions of this…
- § 63048.96 (a) (1) The bank may pledge any or all of the moneys in the Climate Catalyst Revolving Fund as security for payment of the principal of, and interest on, any…
- § 63048.97 (a) The bank may administer and distribute among the accounts and subaccounts created under this article, at its discretion, the proceeds from any general…
- § 63048.98 All costs, liabilities, obligations, and expenses incurred in carrying out the purposes of this article shall be payable solely from funds provided for the…
- § 63048.99 (a) Moneys in the Climate Catalyst Revolving Fund received from the proceeds of bonds issued pursuant to this division may not be transferred to any other fund…
- § 63048.100 (a) Notwithstanding Chapter 2 (commencing with Section 12850) of Part 2.5 of Division 3 of Title 2 and Article 2 (commencing with Section 13320) of Chapter 3…
ARTICLE 7. Tobacco Settlement State Securitization §§ 63049–63049.55 · 7 sections
- § 63049 The definitions contained in this section are in addition to the definitions contained in Section 63010 and together with the definitions contained in that…
- § 63049.1 (a) Subject to subdivision (c) and subdivision (d), as applicable, the bank is hereby authorized to sell for, and on behalf of, the state, solely as its agent,…
- § 63049.2 Notwithstanding any other provision of this division, Article 3 (commencing with Section 63040), Article 4 (commencing with Section 63042), and Article 5…
- § 63049.3 Any sale of some or all of the tobacco assets under this article shall be treated as a true sale and absolute transfer of the property so transferred to the…
- § 63049.4 (a) On and after the effective date of each sale of tobacco assets, the state shall have no right, title, or interest in or to the tobacco assets sold, and the…
- § 63049.5 The state acknowledges and agrees that its 57 counties, the Cities of San Jose, Los Angeles, and San Diego, and the City and County of San Francisco, commonly…
- § 63049.55 (a) The Tobacco Asset Sales Revenue Fund is hereby established in the State Treasury for the purpose of maintaining a separate account for the investment of…
ARTICLE 8. Financing of Insurance Claims §§ 63049.6–63049.66 · 4 sections
- § 63049.6 For purposes of this article, the following terms have the following meanings, in addition to the definitions contained in Section 63010, unless the context…
- § 63049.62 Notwithstanding any other provision of this division, a financing of the costs of claims of insolvent insurers upon the request of the association pursuant to…
- § 63049.64 (a) The bank may issue bonds pursuant to Chapter 5 (commencing with Section 63070) and may loan the proceeds thereof to the association, and deposit the…
- § 63049.66 The fund, and any other fund or account established pursuant to the issuance of bonds authorized by this article may be invested in any investment authorized…
ARTICLE 9. Financing of School District Emergency Apportionments §§ 63049.67–63049.68 · 2 sections
- § 63049.67 (a) Notwithstanding any other provision of this division, a financing of emergency apportionments upon the request of a school district pursuant to Article 2.7…
- § 63049.68 The State of California pledges that (a) the state will not alter the directive to the Controller to make apportionments to the bond trustee of moneys in the…
ARTICLE 10. Golden State Energy Financing § 63049.70 · 1 section
- § 63049.70 (a) Notwithstanding this division, the financing of energy and project costs on behalf of Golden State Energy, as defined in Section 222.5 of the Public…
ARTICLE 10.5. California Transmission Accelerator Financing §§ 63049.71–63049.74 · 4 sections
- § 63049.71 The following definitions contained in this section are in addition to the definitions contained in Section 63010 and together with the definitions contained…
- § 63049.72 (a) The financing of projects related to Chapter 9 (commencing with Section 94500) of Division 50 of the Public Resources Code shall be deemed to be in the…
- § 63049.73 (a) The bank is hereby authorized and empowered to provide financial assistance under the Accelerator Revolving Fund Program to any eligible participating…
- § 63049.74 (a) There is hereby created the California Transmission Accelerator Revolving Fund in the State Treasury for the purpose of providing financial assistance…
ARTICLE 11. California FAIR Plan Association Financing § 63049.75 · 1 section
- § 63049.75 (a) Notwithstanding any other provision of this division, pursuant to Section 10100.3 of the Insurance Code and upon approval of the bank, a financing of the…
CHAPTER 3. California Infrastructure and Economic Development Bank Fund §§ 63050–63056 · 6 sections
- § 63050 (a) There is hereby created in the State Treasury the California Infrastructure and Economic Development Bank Fund for the purpose of implementing the…
- § 63052 (a) The bank may pledge any or all of the moneys in the fund as security for payment of the principal of, and interest on, any particular issuance of bonds…
- § 63053 (a) The bank may administer and distribute among its accounts and subaccounts, at its discretion, the proceeds from any general obligation bonds issued in…
- § 63054 All expenses incurred in carrying out the purposes of this division shall be payable solely from funds provided pursuant to this division, and no liability or…
- § 63055 (a) Moneys in the infrastructure bank fund received from the proceeds of bonds issued pursuant to this division may not be transferred to any other fund except…
- § 63056 (a) Notwithstanding Chapter 2 (commencing with Section 12850) of Part 2.5 of Division 3 of Title 2 and Article 2 (commencing with Section 13320) of Chapter 3…
CHAPTER 4. California Infrastructure Guarantee Trust Fund §§ 63060–63067 · 8 sections
- § 63060 (a) There is hereby created in the State Treasury the California Infrastructure Guarantee Trust Fund. Notwithstanding Section 13340 and except as provided in…
- § 63061 Notwithstanding Chapter 2 (commencing with Section 12850) of Part 2.5 of Division 3 of Title 2 and Article 2 (commencing with Section 13320) of Chapter 3 of…
- § 63062 (a) The bank may, from time to time, direct the Treasurer to invest moneys in the guarantee trust fund that are not required for its current needs in any…
- § 63063 (a) There is a guarantee reserve account in the guarantee trust fund to secure commitments under contracts to guarantee all or part of the bonds of the bank, a…
- § 63064 (a) The Legislature may from time to time appropriate or transfer to the guarantee reserve account from funds or accounts that are legally available, an amount…
- § 63065 (a) The obligation of the bank and of the state to pay any guarantee benefit pursuant to contracts of guarantee or any other contracts or obligations of the…
- § 63066 The bank may charge and collect insurance guarantee or enhancement premiums or other fees for the insurance guarantees or enhancements described in this…
- § 63067 (a) Moneys in the infrastructure bank fund received from the proceeds of bonds issued pursuant to this division may not be transferred to any other fund except…
CHAPTER 5. Revenue Bonds §§ 63070–63087.5 · 19 sections
- § 63070 (a) The bank may, from time to time, issue its revenue bonds in a principal amount that the bank shall determine to be necessary to provide sufficient funds…
- § 63071 (a) Notwithstanding any other provision of law, but consistent with Sections 1 and 18 of Article XVI of the California Constitution, a sponsor may issue bonds…
- § 63072 (a) The bank may give final approval for the issuance of the bonds or of the authorization of a special purpose trust upon terms it deems necessary or…
- § 63073 The Treasurer, the Governor, or the Lieutenant Governor is an elected representative of the state authorized to fulfill the public approval requirement of…
- § 63074 (a) Bonds may be authorized to finance a single project for a single sponsor or a participating party, a series of projects for a single sponsor or a…
- § 63075 Any resolution authorizing any bonds or the authorization of a special purpose trust or any issue of bonds of the bank or a special purpose trust may contain…
- § 63076 Neither the officers of the bank nor any person executing the bonds of the bank or a special purpose trust shall be personally liable for the bonds or be…
- § 63077 The bank, a special purpose trust, or any sponsor or participating party may, out of any funds available therefor, purchase their respective bonds. The bank…
- § 63078 In the discretion of the bank, a special purpose trust, or the sponsor, as the case may be, any bonds issued under this chapter may be secured by a trust…
- § 63079 (a) Bonds issued under this chapter do not constitute a debt or liability of the state or of any political subdivision thereof, other than the bank or a…
- § 63080 The validity of any bonds issued under this chapter shall not be affected by any proceedings related to the authorization or implementation of the project…
- § 63081 (a) The bank or a special purpose trust may issue bonds for the purpose of refunding any bonds, notes, or other securities of the bank, a special purpose…
- § 63082 Notwithstanding anything herein to the contrary, this act shall be supplemental to, and not in lieu of, the right of any sponsor to issue general obligation…
- § 63083 Any and all bonds issued by the bank or a special purpose trust, their transfer and the income therefrom, shall at all times be free from taxation of every…
- § 63084 (a) Any issue of revenue bonds by the bank may be secured and made more attractive to capital markets through financial instruments, including, but not limited…
- § 63085 Whenever the bank deems that it will increase the salability or the price of the bonds to obtain, prior to or after sale, a legal opinion from private counsel…
- § 63086 The bank may employ financial consultants, advisers, and accountants, as may be necessary in its judgment, in connection with the issuance and sale of any…
- § 63087 Section 10295 and Sections 10335 to 10382, inclusive, of the Public Contract Code shall not apply to agreements entered into by the bank in connection with the…
- § 63087.5 For purposes of this chapter: (a) “Participating party” includes the California FAIR Plan Association. (b) “Project” has the same meaning as defined in Section…
CHAPTER 6. Small Business Financial Assistance Act of 2013 §§ 63088–63089.99 · 35 sections
ARTICLE 1. Introduction §§ 63088–63088.1 · 2 sections
- § 63088 (a) This chapter shall be known, and may be cited, as the Small Business Financial Assistance Act of 2013. (b) Notwithstanding any other provision of this…
- § 63088.1 The Legislature finds all of the following: (a) Small businesses form the core of the California economy and that it is in the interest of the state to…
ARTICLE 2. Definitions § 63088.3 · 1 section
- § 63088.3 Unless the context otherwise requires, the definitions in this section shall govern the construction of this chapter. The definitions provided in this section…
ARTICLE 3. Purpose §§ 63088.5–63088.6 · 2 sections
- § 63088.5 (a) There is within the Governor’s Office of Business and Economic Development the California Infrastructure and Economic Development Bank, which shall, among…
- § 63088.6 To implement its responsibilities, a corporation shall undertake program activities that shall include, but not be limited to, the following: (a) Outreach to…
ARTICLE 4. Administrative Structure §§ 63089–63089.4 · 5 sections
- § 63089 The bank board shall adopt directives and requirements concerning the implementation of this chapter and pursuant to Chapter 1 (commencing with Section 14000)…
- § 63089.1 (a) The program manager acting under the guidance of the executive director shall do all of the following: (1) Administer this chapter. (2) Enter into a…
- § 63089.2 (a) The use of state funds paid out to the trust fund and the return on those funds from investment pursuant to Section 63089.56 is conditional pursuant to…
- § 63089.3 (a) The program manager may temporarily suspend the guarantee authority or other financial product authority of a corporation if in the determination of the…
- § 63089.4 The bank is authorized to: (a) Approve new corporations recommended by the program manager. (b) Enter into contracts with corporations for program management…
ARTICLE 5. Expansion Fund and Trust Fund §§ 63089.5–63089.62 · 13 sections
- § 63089.5 (a) There is hereby continued in existence in the State Treasury the California Small Business Expansion Fund. All or a portion of the funds in the expansion…
- § 63089.51 (a) All money deposited in the expansion fund is hereby continuously appropriated, without regard to fiscal years, for the purposes of this chapter. (b) Except…
- § 63089.52 (a) The program manager, at his or her discretion, with the approval of the executive director, may request the trustee to invest those moneys in the trust…
- § 63089.53 Except as specified in subdivision (b) of Section 63089.54, the state or the bank shall not be liable or obligated in any way beyond the money that is…
- § 63089.54 (a) There is hereby created in the State Treasury the Small Business Disaster Recovery Loan Loss Reserve Account, as part of the expansion fund. This account…
- § 63089.55 The Director of Finance, with the approval of the Governor, may transfer moneys in the Special Fund for Economic Uncertainties to the California Small Business…
- § 63089.56 (a) The funds in the expansion fund shall be paid out to trust fund accounts by the Treasurer on funds drawn by the Controller and requisitioned by the program…
- § 63089.57 Pursuant to this chapter and any directives and requirements adopted pursuant to this chapter, the state has residual interest in the funds deposited by the…
- § 63089.58 Each trust fund account shall consist of a loan guarantee account, and, upon recommendation by the program manager, a bond guarantee account or other financial…
- § 63089.59 (a) The financial institution or financial company that is to act as trustee of the trust fund shall be designated by the bank. The corporation shall not…
- § 63089.60 (a) The program manager shall recommend whether the expansion fund and trust fund accounts are to be leveraged, and if so, by how much. Upon the request of the…
- § 63089.61 (a) The corporate guarantee shall be backed by funds on deposit in the corporation’s trust fund account, or by receivables due from funds loaned from the…
- § 63089.62 (a) It is the intent of the Legislature that the corporations make maximum use of their statutory authority to guarantee loans and surety bonds, and administer…
ARTICLE 6. Corporations, Miscellaneous §§ 63089.65–63089.67 · 3 sections
- § 63089.65 (a) A corporation shall establish one or more loan committees, each of which shall be composed of five or more persons, a majority of whom shall be experienced…
- § 63089.66 Unless delegated to its loan committee, the corporation’s board of directors, upon a recommendation from its loan committee, shall do all of the following: (a)…
- § 63089.67 A corporation may charge the borrower or financial institution a loan fee or credit enhancement fee on all loans made or guaranteed by the corporation to…
ARTICLE 7. Loan Guarantees §§ 63089.70–63089.71 · 2 sections
- § 63089.70 (a) The Small Business Expansion Fund, which is hereby continued in existence, shall, among other things, provide guarantees to loans offered by financial…
- § 63089.71 (a) Among other priorities, corporations shall give high priority to the issuance of loan guarantees to small business incubators and to businesses that lease…
ARTICLE 8. Direct Lending and Other Debt Instruments § 63089.80 · 1 section
- § 63089.80 (a) A corporation may utilize funds for direct lending or other debt instruments pursuant to the directives and requirements. (b) The amount of funds available…
ARTICLE 9. Disaster Loan Guarantees § 63089.90 · 1 section
- § 63089.90 (a) Pursuant to Section 8684.2 and the contract between a corporation and the bank, a corporation may, in an area affected by a state of emergency within the…
ARTICLE 10. Surety Bond Guarantees §§ 63089.95–63089.96 · 2 sections
- § 63089.95 In furtherance of the purposes set forth in Section 63088.1 of this code and Section 14001 of the Corporations Code, a corporation may do any one or more of…
- § 63089.96 (a) In addition to the authority granted by Section 63089.95, pursuant to the directives and requirements a corporation may act as guarantor on a surety bond…
ARTICLE 11. Reporting §§ 63089.97–63089.98 · 2 sections
- § 63089.97 Each corporation shall provide to the program manager, in a format prescribed by him or her, the following data and reports: (a) A summary of all outstanding…
- § 63089.98 (a) Annually, not later than January 1 of each year commencing January 1, 2014, and notwithstanding Section 10231.5, the program manager shall prepare and…
ARTICLE 12. Venture Capital Program § 63089.99 · 1 section
- § 63089.99 (a) A venture capital program is hereby established within the bank. (b) The Governor shall appoint a deputy director who shall have direct authority over the…
DIVISION 3. CALIFORNIA TRANSPORTATION FINANCING AUTHORITY §§ 64100–64132 · 34 sections
- § 64100 This division shall be known and may be cited as the California Transportation Financing Authority Act.
- § 64101 The California Transportation Financing Authority is hereby created in state government. The authority constitutes a public instrumentality, and the exercise…
- § 64102 As used in this division, the following terms shall have the following meanings, unless the context clearly indicates or requires another or different meaning…
- § 64103 (a) The authority shall consist of seven members, as follows: (1) The Treasurer, who shall serve as the chair of the authority. (2) The Director of Finance.…
- § 64104 The provisions of this division shall be administered by the authority, which shall have and is hereby vested with all powers reasonably necessary to carry out…
- § 64105 The objective of the authority shall be to increase the construction of new capacity or improvements for the state transportation system in a manner that is…
- § 64106 (a) The Attorney General shall be the legal counsel for the authority, however, with the approval of the Attorney General, the authority may employ legal…
- § 64107 The authority may do any of the following: (a) Adopt bylaws for the regulation of its affairs and the conduct of its business. (b) Adopt an official seal. (c)…
- § 64107.5 The authority or issuer may do any of the following: (a) Obtain, or aid in obtaining, from any department or agency of the United States or of the state, any…
- § 64108 All expenses of the authority incurred in carrying out the provisions of this division shall be payable solely from funds provided pursuant to this division,…
- § 64109 (a) To the extent permitted by law, in connection with any project financed or refinanced pursuant to this division, the project sponsor may pledge the…
- § 64110 (a) A project sponsor may apply to the authority for bond issuance by the authority or project sponsor for a transportation project that has been approved by…
- § 64111 (a) Prior to issuing or approving the issuance of bonds for a project, the authority shall determine that the revenues and other moneys available for a project…
- § 64112 Notwithstanding any other law, the authority may authorize a project sponsor, or the department, to impose and collect tolls as one source of revenue to pay…
- § 64113 A project sponsor of a project imposing tolls may incorporate congestion management mechanisms to regulate usage and increase mobility, accessibility, and…
- § 64114 The authority and the commission shall develop an approval process that results in project approval by the commission and financing approval by the authority…
- § 64115 (a) The issuer may, from time to time, issue its negotiable bonds in order to provide funds for achieving any of its purposes under this division. (b) Except…
- § 64116 In the discretion of the authority, any bonds issued under this division may be secured by a trust agreement or indenture by and between the issuer and a…
- § 64117 Bonds issued under this division shall not be deemed to constitute a debt or liability of the state or of any political subdivision thereof or a pledge of the…
- § 64118 Any holder of bonds issued under this division or any of the coupons appertaining thereto, and the trustee or trustees under any indenture or trust agreement,…
- § 64119 All moneys received pursuant to this division, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be held and…
- § 64120 (a) The issuer may provide for the issuance of bonds for the purpose of refunding any bonds or any series or issue of bonds of the issuer then outstanding,…
- § 64121 Bonds issued under this division are hereby made securities in which all banks, bankers, savings banks, trust companies and other persons carrying on a banking…
- § 64122 Any bonds issued under this division, their transfer, and the income therefrom shall at all times be free from taxation of every kind by the state and by all…
- § 64123 The State of California does pledge to and agree with the holders of the bonds issued pursuant to this division, and with those parties who may enter into…
- § 64124 A pledge by or to the issuer of revenues, moneys, accounts, accounts receivable, contract rights, and other rights to payment of whatever kind made by or to…
- § 64125 Each lease agreement, note, mortgage, or other instrument evidencing the obligations of a project sponsor shall provide that the rents or principal, interest,…
- § 64126 When the principal of and interest on bonds issued by the authority to finance the cost of a project or working capital or to refinance outstanding…
- § 64127 (a) This division shall be deemed to provide a complete, additional, and alternative method for doing the things authorized by this code, and shall be regarded…
- § 64128 To the extent that the provisions of this division are inconsistent with any other provisions of any general statute or special act or parts thereof, the…
- § 64129 Any net earnings of the authority beyond that necessary for retirement of any obligations issued by the authority or to implement the purposes of this division…
- § 64130 Upon dissolution of the authority, title to all property owned by the authority shall vest in the successor authority created by the Legislature, if any, if…
- § 64131 Nothing in this division is intended to limit the authority to develop and finance high-occupancy toll lanes pursuant to Section 149.4, 149.5, 149.6, or 149.7…
- § 64132 (a) The California Transportation Financing Authority Fund is hereby created and continued in existence in the State Treasury, to be administered by the…