SB 461, as introduced, Hernandez. Toll bridges and facilities: funds.
Existing law, the California Toll Bridge Authority Act, makes the California Transportation Commission, together with the Department of Transportation, responsible for building and acquiring toll facilities and related transportation facilities. Under existing law, all tolls or other revenue received from the operation of toll bridges and related facilities that were acquired or constructed with bond funding are deposited into a special fund designated for the particular toll bridge or facility that produced the toll or revenue.
This bill would make nonsubstantive changes to the provision specifying deposit of this particular revenue into the designated special fund.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 30304 of the Streets and Highways Code
2 is amended to read:
All tolls or other revenues received from the operation
4of any toll bridge or other highway crossing, transportation
5facilities, or additional transportation facilities acquired or
6constructed with the proceeds of bonds issued and sold pursuant
P2 1to this chapter shall be paidbegin delete overend delete by the department at least monthly
2to the State Treasurer who shall deposit them forthwith inbegin delete suchend deletebegin insert aend insert
3 depositary or depositariesbegin delete as areend delete authorized by law to receive
4deposits of state funds, to the credit of a special fund to be
5
designated as the toll revenue fund of the particular toll bridge or
6other highway crossing, transportation facilities, or additional
7transportation facilities producing the tolls or revenuebegin delete, whichend deletebegin insert. Theend insert
8 fund shall at all times be kept segregated and set apart from all
9other funds.
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