Bill Text: CA SB607 | 2025-2026 | Regular Session | Amended
Bill Title: Golden Gate Bridge, Highway and Transportation District: contributions and loans.
Sponsorship: Partisan Bill (Democrat 5)
Status: (Engrossed) 2026-07-02 - Read second time and amended. Ordered to second reading. [SB607 Detail]
Download: California-2025-SB607-Amended.html
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July 02, 2026 |
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June 08, 2026 |
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January 05, 2026 |
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Senate
September 12, 2025 |
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May 28, 2025 |
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May 13, 2025 |
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May 01, 2025 |
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March 24, 2025 |
CALIFORNIA LEGISLATURE—
2025–2026 REGULAR SESSION
Senate Bill
No. 607
| Introduced by Senator Wiener (Coauthor: Senator McGuire) (Coauthors: Assembly Members |
February 20, 2025 |
An act to amend Section 27556 of the Streets and Highways Code, relating to transportation.
LEGISLATIVE COUNSEL'S DIGEST
SB 607, as amended, Wiener.
Golden Gate Bridge, Highway and Transportation District: contributions and loans.
Existing law prohibits the Golden Gate Bridge, Highway and Transportation District from issuing general obligation or revenue bonds, or any other form of long-term indebtedness, except to finance an interim system of buses and ferries or to finance capital improvements or modifications relating to seismic safety of the Golden Gate Bridge.
This bill would authorize the district to accept contributions and loans from this state and the United States for the purpose of financing capital improvements or modifications related to seismic safety on the Golden Gate Bridge, as specified.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NOBill Text
The people of the State of California do enact as follows:
SECTION 1.
Section 27556 of the Streets and Highways Code is amended to read:27556.
(a) Except as provided in subdivision (b) and except for the necessity to finance its interim system of buses and ferries, as described in Section 27551, or the necessity to finance capital improvements or modifications relating to seismic safety of the bridge, the district shall not issue general obligation bonds, revenue bonds, or any other form of long-term indebtedness.(b) Notwithstanding subdivision (a) or any provision of Part 3 (commencing with Section 27000) of Division 16, the district may accept contributions or loans from the United States or this state or any of its political subdivisions, or any department, instrumentality, agency, or authority of either thereof, for the purpose
of financing capital improvements or modifications relating to seismic safety of the bridge. The district may authorize the acceptance of those contributions or loans by resolution, which shall specify the purposes for which the contribution or loan is being accepted, the maximum principal amount of the loan, the maximum duration of the loan, and the maximum rate of interest to be payable on the loan, as applicable. The district may do any and all things necessary in order to avail itself of that aid, assistance, and cooperation under any federal or state legislation now or hereafter enacted, including pledging toll revenues for the repayment of those loans and entering into contracts ancillary to those loans. Any evidence of indebtedness issued under this section shall constitute a negotiable instrument.
This subdivision is a complete, additional, and alternative method for the district to authorize and accept a contribution or loan from an entity for the purposes specified herein and shall be regarded as supplemental and additional to all other powers conferred to the district by law.
