Amended in Assembly January 4, 2016

California Legislature—2015–16 Regular Session

Assembly Bill No. 1384

Introduced by Assembly Member Baker

February 27, 2015

An act to amend Section 30959 of the Streets and Highway Code, relating to toll facilities.

LEGISLATIVE COUNSEL’S DIGEST

AB 1384, as amended, Baker. Toll facilities: Metropolitan Transportation begin delete Commission end delete begin insert Commission. end insert

Existing law designates the Metropolitan Transportation Commission as the regional transportation planning agency for the San Francisco Bay Area. Existing law creates the Bay Area Toll Authority, governed by the same board as the commission, with specified powers and duties relative to the administration of toll revenues from state-owned toll bridges within the geographic jurisdiction of the commission. Existing law authorizes the authority to make direct contributions to the commission in furtherance of the exercise of the authority’s powers, including contributions in the form of personnel services, office space, overhead, and other funding necessary to carry out the function of the authority, with those contributions not to exceed 1% of the gross annual bridge revenues.

This bill would begin delete make a technical, nonsubstantive change to this limitation on contributions. end delete begin insert instead limit the direct contributions by the authority to the commission in any fiscal year to 1% of funds available to the authority in that fiscal year, and would impose a similar restriction on loans from the authority to the commission. end insert

Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.

The people of the State of California do enact as follows:

SECTION 1.  

Section 30959 of the Streets and Highways Code
is amended to read:

30959.  

The authority may make direct contributions to the
commission in furtherance of the exercise of the authority’s powers
under this division, including contributions in the form of personnel
services, office space, overhead, and other funding necessary to
carry out the function of the authority, with those contributions begin insert in
any fiscal year end insert not to exceed an amount equal to 1 percent of the
begin delete gross annual bridge revenues. end delete begin insert funds available to the authority in
that fiscal year. end insert The authority may also make additional
contributions in the form of loans to the commission on a
reimbursement-for-cost begin delete basis; provided that end delete begin insert basis, if end insert those loans
begin insert in any fiscal year end insert do not, independent of the direct contributions,
exceed 1 percent of the begin delete gross annual bridge revenues end delete begin insert funds
available to the authority in that fiscal year end insert and are fully repaid
with interest at the same interest rate that would apply for toll
bridge revenue bonds of the same duration as any loan taken by
the commission. begin delete As used in this section, “gross annual bridge
revenues” shall have the same meaning as in Section 30958. end delete