Amended in Assembly April 24, 2014

Amended in Assembly March 27, 2014

California Legislature—2013–14 Regular Session

Assembly Bill No. 2728

Introduced by Assembly begin delete Member end delete begin insert Members end insert Perea begin insert and Linder end insert

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(Coauthor: Assembly Member Lowenthal)

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February 21, 2014

An act to add and repeal Section 9400.5 of the Vehicle Code, relating to transportation.

LEGISLATIVE COUNSEL’S DIGEST

AB 2728, as amended, Perea. Vehicle weight fees: transportation bond debt service.

Existing law imposes weight fees on the registration of commercial motor vehicles and provides for the deposit of net weight fee revenues into the State Highway Account. Existing law provides for the transfer of certain weight fee revenues from the State Highway Account to the Transportation Debt Service Fund to reimburse the General Fund for payment of debt service on general obligation bonds issued for transportation purposes. Existing law also provides for the transfer of certain weight fee revenues to the Transportation Bond Direct Payment Account for direct payment of debt service on designated bonds, which are defined to be certain transportation general obligation bonds issued pursuant to Proposition 1B of 2006. Existing law also provides for loans of weight fee begin delete revenue end delete begin insert revenues end insert to the General Fund to the extent the revenues are not needed for bond debt service purposes, with the loans to be repaid when the revenues are later needed for those purposes, as specified.

This bill, notwithstanding these provisions or any other law, until January 1, 2019, would prohibit weight fee begin delete revenue end delete begin insert revenues end insert from being transferred from the State Highway Account to the Transportation Debt Service Fund begin delete or to end delete begin insert , end insert the Transportation Bond Direct Payment Account begin insert , or any other fund or account end insert for the purpose of payment of the debt service on transportation general obligation bonds, and would also prohibit loans of weight fee begin delete revenue end delete begin insert revenues end insert to the General Fund.

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

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

SECTION 1.  

Section 9400.5 is added to the Vehicle Code, to
read:

9400.5.  

(a) Notwithstanding Sections 9400.1, 9400.4, and
42205 of this code, Sections 16773 and 16965 of the Government
Code, Section 2103 of the Streets and Highways Code, or any
other law, weight fee begin delete revenue end delete begin insert revenues end insert shall not be transferred
from the State Highway Account to the Transportation Debt
Service begin delete Fund or to end delete begin insert Fund, end insert the Transportation Bond Direct Payment
Account begin insert , or any other fund or account end insert for the purpose of payment
of the debt service on transportation general obligation bonds, and
shall not be loaned to the General Fund.

(b) This section shall remain in effect only until January 1, 2019,
and as of that date is repealed, unless a later enacted statute, that
is enacted before January 1, 2019, deletes or extends that date.