State Codes and Statutes

State Codes and Statutes

Statutes > California > Shc > 30680-30685

STREETS AND HIGHWAYS CODE
SECTION 30680-30685



30680.  As used in this article, "toll bridge" means a toll bridge,
with at least four lanes, across Los Angeles Harbor from San Pedro at
or near Boschke Slough to Terminal Island, and the approaches
thereto.


30682.  For the purpose of providing funds for all engineering,
traffic, and financial studies and expenses in connection with the
financing and the preparation of the necessary surveys, plans,
specifications, and estimates of cost for the construction of the
toll bridge, and for the purpose of providing such additional funds,
over and above the amount which can be raised through the issuance of
revenue bonds, as may be necessary in order to complete the
financing of the toll bridge, the commission may, from time to time,
direct the State Controller to transfer to the commission, for
expenditure by the department, the following amounts:
   (a) From money in the State Highway Account required to be
expended for the construction of state highways in the County of Los
Angeles pursuant to former Section 188.4, as repealed by Chapter 1386
of the Statutes of 1963, a sum sufficient to complete the project
over and above the amounts made available from the proceeds of
revenue bonds and the amounts made available in subdivisions (b) and
(c).
   (b) Not to exceed the total of two million dollars ($2,000,000)
from money in the Highway Users Tax Account in the Transportation Tax
Fund available for apportionment to the County of Los Angeles. Any
amount so transferred shall be deemed to be in the Highway Users Tax
Account for the purpose of making the apportionments from that
account, but the amount payable to the County of Los Angeles from the
Highway Users Tax Account shall be reduced by an amount equal to the
transfers so made.
   (c) Not to exceed the total of two million dollars ($2,000,000)
from money in the State Highway Account available for allocation and
expenditure for city streets within the City of Los Angeles pursuant
to Section 2107. Any amount so transferred shall be deemed to be in
the State Highway Account for the purpose of making the allocations
mentioned in Section 2107, but the amount expended from the State
Highway Account for city streets within the City of Los Angeles shall
be reduced by an amount equal to the transfers so made.
   Of the first nine million dollars ($9,000,000) required for the
purpose of completing the project over and above the amount available
from the sale of revenue bonds, the transfer shall be made from the
above sources as follows:
   Five-ninths from the State Highway Account, two-ninths from the
funds mentioned in subdivision (b) and two-ninths from the amounts
mentioned in subdivision (c). Additional necessary amounts shall be
transferred from the State Highway Account upon resolution of the
commission. The transfers shall be paid out or disbursed solely for
the studies and expenses above mentioned and the preparation of the
necessary surveys, plans, specifications, and estimates of cost, and
for the construction of the toll bridge and the acquisition of the
necessary lands and easements therefor. Any amount of the transfers
not so expended shall be returned to the particular portion of the
account from which it was transferred and shall be apportioned or
allocated from the account and expended as if the transfer had not
been made.



30683.  The amounts transferred pursuant to Section 30682 shall be
repaid to the respective accounts from which transferred, but no
repayment thereof shall be required until all obligations issued by
the commission for the construction of the toll bridge and all bonds
issued for refunding of the bonds and for additions, betterments, and
extensions to the toll bridge, including new and additional
approaches thereto, have been fully redeemed and paid, and then only
out of the tolls and revenue received from the operation of the toll
bridge.


30684.  After all bonds issued for the construction of the toll
bridge and all bonds issued for refunding of the bonds and for
additions, betterments, and extensions to the toll bridge, including
new and additional approaches thereto, have been fully redeemed and
paid, the commission shall continue to collect tolls and other
revenues for the use of the toll bridge for the purpose of repaying
the respective accounts from which money has been transferred
pursuant to Section 30682. The amount so repaid to any such account
shall be returned to the particular portion of the account from which
it was transferred and shall be apportioned or allocated from the
account and expended as if the transfer had not been made.
   Upon repayment of all the accounts, the bridge shall thereafter be
maintained and operated free of tolls or the rate of tolls shall
thereafter be so adjusted as to provide a fund of not to exceed the
amount necessary for the proper operation, maintenance, and insurance
of the toll bridge under economical management.




30685.  The cost of operation of the toll bridge, including the cost
of insurance against loss of tolls or other revenue therefrom, shall
be paid from the tolls and revenue received from the use and
operation of said bridge. The cost of physical maintenance, including
the cost of insurance of said bridge against all risks, shall be
paid by the department as provided in Section 188.3 of this code.




30685.  The commission shall transfer fifteen million dollars
($15,000,000) to the Toll Bridge Seismic Retrofit Account in the
State Transportation Fund from funds in the Vincent Thomas Toll
Bridge Revenue Account.