CHAPTER 4.6. State-Owned Toll Bridge Seismic Retrofit Financing Act of 2001

Chapter 4.6 added by Stats. 2001, Ch. 907, Sec. 5.

§§ 31070–31073 · 8 sections

• § 31070 The Legislature hereby finds and declares all of the following: (a) Following the 1989 Loma Prieta earthquake, legislation was enacted to make seismic safety a…
• § 31070.5 For the purposes of this chapter, the following terms have the following meanings, unless the context requires otherwise: (a) “Authority” means the Bay Area…
• § 31070.7 The department has full and sole responsibility for completion of all seismic retrofit projects on the bay area bridges.
• § 31071 (a) The department may enter into financing agreements with the bank for the purpose of borrowing funds to finance or refinance the seismic retrofit project…
• § 31071.3 Notwithstanding any other provision of law, during the construction period, all revenues generated from the toll surcharge shall be available to the department…
• § 31071.5 (a) Bonds issued under this chapter may not be deemed to constitute a debt or liability of the state or of any political subdivision thereof, other than the…
• § 31072 Any federal funds received by the department as a direct loan or line of credit under TIFIA are hereby appropriated to the department for transfer to the…
• § 31073 The department may make the loans and transfers authorized under Section 14556.7 of the Government Code and Section 188.14 to provide adequate cash flow for…