California Government Code DIVISION 3 - CALIFORNIA TRANSPORTATION FINANCING AUTHORITY

• Section 64100.
  This division shall be known and may be cited as the California Transportation Financing Authority Act.(Added by Stats. 2009, Ch. 474, Sec. 1. (AB 798)...
• Section 64101.
  The California Transportation Financing Authority is hereby created in state government. The authority constitutes a public instrumentality, and the exercise by the authority of the...
• Section 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 or...
• Section 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.(3) The Controller.(4) The Director of...
• Section 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...
• Section 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...
• Section 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 counsel...
• Section 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) Sue and...
• Section 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...
• Section 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,...
• Section 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 following...
• Section 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...
• Section 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...
• Section 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...
• Section 64113.
  A project sponsor of a project imposing tolls may incorporate congestion management mechanisms to regulate usage and increase mobility, accessibility, and environmental benefits.(Added by Stats....
• Section 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 in...
• Section 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...
• Section 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...
• Section 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...
• Section 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...
• Section 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...
• Section 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...
• Section 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...
• Section 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...
• Section 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...
• Section 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...
• Section 64125.
  Each lease agreement, note, mortgage, or other instrument evidencing the obligations of a project sponsor shall provide that the rents or principal, interest, and other...
• Section 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...
• Section 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...
• Section 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,...
• Section 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...
• Section 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,...
• Section 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...
• Section 64132.
  (a) The California Transportation Financing Authority Fund is hereby created and continued in existence in the State Treasury, to be administered by the authority. Notwithstanding Section...

Last modified: October 22, 2018