AB 1384: Toll facilities: Metropolitan Transportation Commission.
- Session Year: 2015-2016
- House: Assembly
- Latest Version Date: 2016-01-04
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 authoritys 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 make a technical, nonsubstantive change to this limitation on contributions. 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.
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 authoritys 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 make a technical, nonsubstantive change to this limitation on contributions.
The authority may make direct contributions to the commission in furtherance of the exercise of the authoritys 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 in any fiscal year not to exceed an amount equal to 1 percent of the gross annual bridge revenues. funds available to the authority in that fiscal year. The authority may also make additional contributions in the form of loans to the commission on a reimbursement-for-cost basis; provided that basis, if those loans in any fiscal year do not, independent of the direct contributions, exceed 1 percent of the gross annual bridge revenues funds available to the authority in that fiscal year 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. As used in this section, gross annual bridge revenues shall have the same meaning as in Section 30958.
The authority may make direct contributions to the commission in furtherance of the exercise of the authoritys 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 not to exceed an amount equal to 1 percent of the gross annual bridge revenues. The authority may also make additional contributions in the form of loans to the commission on a reimbursement-for-cost basis; provided that those loans do not, independent of the direct contributions, exceed 1 percent of the gross annual bridge revenues 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. As used in this section, gross annual bridge revenues shall have the same meaning as in Section 30958.
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Date
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Status
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|---|---|
| Feb 27, 2015 | Introduced. To print. |
| Mar 1, 2015 | From printer. May be heard in committee March 31. |
| Mar 2, 2015 | Read first time. |
| Dec 9, 2015 | Referred to Coms. on TRANS. and APPR. |
| Jan 4, 2016 | From committee chair, with author's amendments: Amend, and re-refer to Com. on TRANS. Read second time and amended. |
| Jan 4, 2016 | Re-referred to Com. on TRANS. |
| Jan 7, 2016 | In committee: Set, first hearing. Hearing canceled at the request of author. |
| Jan 31, 2016 | Died pursuant to Article IV, Sec. 10(c) of the Constitution. |
| Feb 1, 2016 | From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. |
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Bill Author
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