Bill Text: CA SB613 | 2013-2014 | Regular Session | Chaptered

California Senate Bill 613 (Prior Session Legislation)

Bill Title: Bay Area Toll Authority.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Passed) 2013-10-05 - Chaptered by Secretary of State. Chapter 603, Statutes of 2013. [SB613 Detail]

Download: California-2013-SB613-Chaptered.html

BILL NUMBER: SB 613	CHAPTERED
	BILL TEXT

	CHAPTER  603
	FILED WITH SECRETARY OF STATE  OCTOBER 5, 2013
	APPROVED BY GOVERNOR  OCTOBER 5, 2013
	PASSED THE SENATE  SEPTEMBER 4, 2013
	PASSED THE ASSEMBLY  SEPTEMBER 3, 2013
	AMENDED IN ASSEMBLY  AUGUST 26, 2013
	AMENDED IN SENATE  APRIL 23, 2013

INTRODUCED BY   Senator DeSaulnier

                        FEBRUARY 22, 2013

   An act to amend Section 30959 of, and to add Section 30951.1 to,
the Streets and Highways Code, relating to toll bridges.


	LEGISLATIVE COUNSEL'S DIGEST


   SB 613, DeSaulnier. Bay Area Toll Authority.
   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 certain toll revenues from
state-owned toll bridges within the geographic jurisdiction of the
commission. Existing law authorizes the authority to do all acts
necessary or convenient for the exercise of its powers and the
financing of projects, including the authorization to acquire,
construct, manage, maintain, lease, or operate any public facility or
improvements and to invest any money not required for immediate
necessities as the authority deems advisable.
   This bill would prohibit the authority from purchasing or
otherwise acquiring office space and office facilities in addition to
the office space and office facilities located at 390 Main Street in
San Francisco.
   Existing law authorizes the authority to make contributions to the
commission in furtherance of the exercise of the authority's powers,
as specified. Existing law also authorizes the authority to make
contributions to the commission on a reimbursement-for-cost basis,
but reimbursement is not required to the extent the authority
determines that the contributions are in furtherance of the exercise
of the authority's powers.
   This bill would limit direct contributions by the authority to the
commission to 1% of gross annual toll bridge revenues, and would
include a contribution for overhead expenses as an authorized
contribution. The bill would authorize contributions by the authority
to the commission on a reimbursement-for-cost basis to be provided
in the form of a loan, and would require those loans to be repaid at
a specified interest rate. The bill would limit the amount of these
loans to 1% of gross annual toll bridge revenues.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 30951.1 is added to the Streets and Highways
Code, to read:
   30951.1.  Notwithstanding any other provision of law, the
authority is not authorized to purchase or otherwise acquire,
directly or indirectly, including, but not limited to, through a
joint exercise of powers authority between the authority and any
other entity, office space and office facilities in addition to the
office space and office facilities located at 390 Main Street in San
Francisco.
  SEC. 2.  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 not
to exceed 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.