California Streets and Highways Code 31020 – Notwithstanding Section 30953, as amended by the act adding this …
Notwithstanding Section 30953, as amended by the act adding this section in the 2005-06 Regular Session, revenue generated from the seismic retrofit surcharge imposed pursuant to subdivision (a) of Section 31010 shall be deposited in the account until obligations secured by that seismic retrofit surcharge and issued by the California Infrastructure and Economic Development Bank under Chapter 4.6 (commencing with Section 31070) are no longer outstanding as that term is defined in the constituent instruments defining the rights of the holders of those obligations. After obligations of the bank secured by toll funds are no longer outstanding, all toll revenues generated from bridges in the geographic jurisdiction of the Metropolitan Transportation Commission shall be deposited in the Bay Area Toll Account.
(Repealed and added by Stats. 2005, Ch. 71, Sec. 18. Effective July 18, 2005.)
Terms Used In California Streets and Highways Code 31020
- commission: means the California Transportation Commission. See California Streets and Highways Code 22
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.