California Streets and Highways Code CHAPTER 4.6 - State-Owned Toll Bridge Seismic Retrofit Financing Act of 2001

• Section 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 top transportation...
• Section 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 Toll Authority established...
• Section 31070.7.
  The department has full and sole responsibility for completion of all seismic retrofit projects on the bay area bridges.(Added by Stats. 2001, Ch. 907, Sec....
• Section 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 costs...
• Section 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 only for...
• Section 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...
• Section 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...
• Section 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...

Last modified: October 22, 2018