CHAPTER 4.3. Metropolitan Transportation Commission [30950. - 30963.]
Chapter 4.3 added by Stats. 1997, Ch. 328, Sec. 5.
§§ 30950–30963 · 21 sections
- § 30950 For the purposes of this chapter, Chapter 4 (commencing with Section 30910), and Chapter 4.5 (commencing with Section 31000), “the authority” is the Bay Area…
- § 30950.1 The authority shall adopt an annual budget. The members of the authority shall be compensated as determined by the authority and shall be reimbursed for…
- § 30950.2 (a) Except as provided in subdivision (b), the authority is responsible for the administration of all toll revenues from state-owned toll bridges within the…
- § 30950.3 (a) The authority shall prepare, adopt, and from time to time revise, a long-range bridge toll plan for the completion of all projects within its jurisdiction,…
- § 30950.4 All authority of the California Transportation Commission as to the bay area bridges is transferred to the authority.
- § 30951 The authority is authorized in its own name to do all acts necessary or convenient for the exercise of its powers under this division and the financing of…
- § 30951.1 Notwithstanding any other provision of law, the authority is not authorized to purchase or otherwise acquire, directly or indirectly, including, but not…
- § 30952 The department shall collect tolls, operate, maintain, and provide rehabilitation of all bridges described in Section 30910, including toll facilities, and be…
- § 30952.05 (a) The authority and the department shall amend the cooperative agreement required by Section 30952 to incorporate the project oversight and control…
- § 30952.1 (a) The authority and the department shall establish a Toll Bridge Program Oversight Committee, which shall consist of the director, the authority’s executive…
- § 30952.2 (a) The department shall provide monthly reports to the Toll Bridge Program Oversight Committee, including, but not limited to, the construction status, actual…
- § 30952.3 Notwithstanding any other provision of law, the department may, from the resources provided in, and for the purpose of, Sections 188.5 and 188.6, include…
- § 30953 Toll revenues and all other income derived from bridges pursuant to Chapter 4 (commencing with Section 30910) shall be deposited in the Bay Area Toll Account,…
- § 30954 At such time as obligations of the California Infrastructure and Economic Development Bank secured by the seismic retrofit surcharge imposed under subdivision…
- § 30958 After payments for debt service on outstanding bonds, and the costs for the operation and maintenance expenses set forth in Section 30952 are provided for, and…
- § 30959 The authority may make direct contributions to the commission in furtherance of the exercise of the authority’s powers under this division, including…
- § 30960 (a) The authority may issue both defeasance and future capital project bonds payable from the revenues of the tolls imposed on the bridges described in Section…
- § 30961 Toll bridge revenue bonds shall be issued pursuant to a resolution adopted at any time, and from time to time, by the authority by a majority vote of all…
- § 30961.1 Not later than December 31, 2005, the California Transportation Commission, in consultation with the department and the authority, shall adopt a schedule for…
- § 30962 Any bonds or commercial paper issued pursuant to this chapter are a legal investment for all trust funds; for the funds of insurance companies, commercial and…
- § 30963 (a) The State of California pledges and agrees with the holders of the bonds issued pursuant to this chapter, and with those parties who may enter into…