California

Public Utilities Code - PUC

7,564 sections, each with the official text and a plain-English explanation of what it means for you.

• § 99221 — It is the intent of the Legislature to improve existing public transportation services and encourage regional public transportation coordination.
• § 99222 — The Legislature hereby finds and declares that: (a) It is in the interest of the state that funds available for transit development be fully expended to meet the transit needs that exist in California
• § 99230 — The designated transportation planning agency shall, from an analysis and evaluation of the total amount anticipated to be available in the local transportation fund and the relative needs of each cla
• § 99231 — (a) All operators and city or county governments with responsibility for providing municipal services to a given area collectively may file claims for only those moneys that represent that area’s appo
• § 99231.2 — Except in the County of Los Angeles, the transportation planning agency, notwithstanding Section 99231, may approve the claim filed for an unincorporated area by an operator which is serving that area
• § 99232 — For counties with a population of 500,000 or more, as determined by the 1970 federal decennial census, but excluding counties with more than 4,500 miles of maintained county roads as of 1970, the amou
• § 99232.1 — (a) Notwithstanding Section 99232, for each county with a population of less than 500,000 as of the 1970 federal decennial census, but with a population of 500,000 or more as of the 2000 federal decen
• § 99232.2 — (a) Notwithstanding Section 99232.
• § 99232.4 — (a) Notwithstanding Section 99231, and subject to subdivision (a) of Section 99232.
• § 99232.5 — (a) Notwithstanding Section 99232, cities within the County of Sacramento which are outside the activated boundaries of the Sacramento Regional Transit District, but which provide transit service or w
• § 99232.6 — Notwithstanding Section 99232, the County of San Diego may also file claims under Article 8 (commencing with Section 99400) for an unincorporated area not served by the San Diego Metropolitan Transit
• § 99232.7 — (a) Notwithstanding Sections 99232.
• § 99233 — Except as provided in Section 99233.
• § 99233.1 — There shall be allocated to the county and the transportation planning agency such sums as are necessary to administer this chapter.
• § 99233.10 — Notwithstanding Section 99233.
• § 99233.11 — Funds made available to the County of Stanislaus and the cities in that county shall be allocated in the following order: (a) To the Stanislaus Area Association of Governments, the County of Stanislau
• § 99233.12 — Notwithstanding anything in Sections 99233 to 99233.
• § 99233.2 — (a) Except as provided in subdivisions (b) and (c), there shall be allocated to the transportation planning agency, if it is statutorily created, such sums as it may approve, up to 3 percent of annual
• § 99233.3 — Two percent of the remaining money in the fund shall be made available to counties and cities for facilities provided for the exclusive use of pedestrians and bicycles unless the transportation planni
• § 99233.4 — Allocations shall be made for rail passenger service operations and capital improvements pursuant to Section 99234.
• § 99233.5 — Up to 10 percent of the remaining money for the area under the jurisdiction of a transit development board created pursuant to Division 11 (commencing with Section 120000) shall be allocated to the tr
• § 99233.7 — Up to 5 percent of the remaining money in the fund shall be made available to cities, counties, and operators for claims filed pursuant to Article 4.
• § 99233.8 — There shall be allocated to operators such money as is approved by the transportation planning agency for claims presented pursuant to Article 4 (commencing with Section 99260) of this chapter.
• § 99233.9 — There shall be allocated to counties and cities such money as is approved by the transportation planning agency for claims presented pursuant to Article 8 (commencing with Section 99400) of this chapt
• § 99234 — (a) Claims for facilities provided for the exclusive use of pedestrians and bicycles or for bicycle and pedestrian safety education programs shall be filed according to the rules and regulations adopt
• § 99234.1 — Notwithstanding any other provision of this article or Article 4 (commencing with Section 99260), the Orange County Transportation Commission may allocate funds from either the Orange County Unified T
• § 99234.5 — (a) The Counties of San Bernardino, Riverside, and Los Angeles may enter into a joint powers agreement pursuant to Article 1 (commencing with Section 6500), Chapter 5, Division 7, Title 1 of the Gover
• § 99234.7 — (a) The Department of Transportation may negotiate and contract with the appropriate railroad corporation to provide passenger rail service between the City and County of San Francisco and the Countie
• § 99234.9 — Any county, city, county transportation commission, or operator may file claims with the transportation planning agency for rail passenger service operation expenditures and capital improvement expend
• § 99235 — Upon having determined the allocation of each claimant on the fund, the transportation planning agency shall convey such information to each claimant and the county auditor, together with one allocati
• § 99236 — No funds from the fund shall be budgeted, allocated, or expended for any project which calls for any change in passenger train stations or loading platforms used by the National Railroad Passenger Cor
• § 99238 — Each transportation planning agency shall provide for the establishment of a social services transportation advisory council for each county, or counties operating under a joint powers agreement, whic
• § 99238.5 — (a) The transportation planning agency shall ensure the establishment and implementation of a citizen participation process appropriate for each county, or counties if operating under a joint powers a
• § 99241 — (a) Except for allocations made for purposes of Section 99234 and subdivision (a) of Section 99400, which shall be subject to the rules and regulations adopted by the transportation planning agency, a
• § 99241.5 — All rules and regulations adopted by the Secretary of the Business, Transportation and Housing Agency pursuant to Section 99241, as it read prior to its amendment by the act adding this section, and i
• § 99242 — In the event that a claimant is not satisfied with his approved claim or other action taken by the transportation planning agency, a notification with supporting documentation may be filed with the se
• § 99243 — (a) The Controller, in cooperation with the department and the operators, shall design and adopt a uniform system of accounts and records, from which the operators shall prepare and submit annual repo
• § 99243.5 — (a) On the basis of data in the annual reports submitted pursuant to Section 99243 and the information submitted pursuant to Section 99406 to the Controller, the Controller shall compile, publish, and
• § 99244 — (a) (1) Each transportation planning agency shall annually identify, analyze, and recommend potential productivity improvements that could lower the operating costs of those operators who operate at l
• § 99245 — Each transportation planning agency, transit development board created pursuant to Division 11 (commencing with Section 120000), and county transportation commission shall be responsible to ensure tha
• § 99245.2 — (a) A transit district or other provider of public transportation services subject to an audit pursuant to Section 99245, that receives funds from other sources which also require a fiscal audit, may
• § 99246 — (a) (1) The transportation planning agency shall designate entities other than itself, a county transportation commission, a transit development board, or an operator to make a performance audit of it
• § 99247 — For purposes of Section 99246, and as used elsewhere in this article: (a) “Operating cost” means all costs in the operating expense object classes exclusive of the costs in the depreciation and amorti
• § 99248 — No operator is eligible to receive an allocation under this chapter for any fiscal year until the transmittal of reports of its performance audit to the entity which determines the allocation to the o
• § 99249 — The cost of making the performance audits may be deemed an administrative cost of the transportation planning agencies for purposes of Section 99233.
• § 99250 — (a) All charter bus services authorized to be performed by a public transportation system receiving funding under this chapter shall contribute financially to the reduction of deficits incurred in the
• § 99250.5 — (a) (1) At any publicly noticed meeting of the governing body of an operator, a representative of a private transportation service provider may request the operator to perform a cost comparison analys
• § 99251 — No claim submitted by an operator pursuant to this chapter shall be approved unless it is accompanied by a certification completed within the last 13 months from the Department of the California Highw
• § 99260 — Claims may be filed with the transportation planning agency by operators under this article for the following purposes: (a) The support of public transportation systems.
• § 99260.2 — (a) Claims may be filed with the transportation planning agency by operators to contract with common carriers of persons operating under a franchise or license to provide transportation services durin
• § 99260.5 — (a) Claims may also be filed with the transportation planning agency by a city and county or a transit district under this article for payments to be made to a railroad corporation subject to the juri
• § 99260.6 — Public agencies authorized to file claims pursuant to Section 99234.
• § 99260.7 — In order to provide, or to contract to provide, transportation services using vehicles for the exclusive use of elderly or disabled persons, a city or a county, which is contributing funds it is eligi
• § 99261 — The transportation planning agency may adopt rules and regulations supplemental to, and consistent with, those of the department to further delineate procedures for the submission of claims and statin
• § 99261.5 — The San Diego Metropolitan Transit Development Board shall adopt rules and regulations for its area of jurisdiction.
• § 99262 — Claims for public transportation systems may include claims for money for all purposes necessary and convenient to the development and operation of the system, including planning and contributions to
• § 99263 — An approved claim may include an amount to pay the principal and interest on bonds of the applicant for a public transportation system.
• § 99264 — An operator shall not be eligible for allocation under this article if it routinely staffs with two or more persons a vehicle for public transportation purposes designed to be operated by one person.
• § 99266 — No moneys may be allocated to an operator whose claim includes funds for an increase in operating budget in excess of 15 percent above the preceding year or substantial increase or decrease in scope o
• § 99267 — If an operator ceases operations, any capital acquisitions made by that operator from funds allocated to it pursuant to this article may be transferred to any claimant to provide transportation servic
• § 99268 — The expenditure of the funds received under this article by an operator may in no year exceed 50 percent of the amount required to meet operating, maintenance, and capital and debt service requirement
• § 99268.1 — Commencing with claims for the 1980–81 fiscal year, an operator that was in compliance with Section 99268 during the 1978–79 fiscal year in order to be eligible for funds under this article shall be e
• § 99268.11 — Sections 99268.
• § 99268.12 — Notwithstanding Sections 99268.
• § 99268.16 — Notwithstanding subdivision (a) of Section 99247, the costs of providing ridesharing services are excluded from operating costs.
• § 99268.17 — (a) Notwithstanding subdivision (a) of Section 99247, all of the following costs shall be excluded from the definition of “operating cost” for the purposes of calculating any required ratios of fare r
• § 99268.18 — The exclusions contained in Sections 99268.
• § 99268.19 — If fare revenues are insufficient to meet the applicable ratio of fare revenues to operating cost required by this article, an operator may satisfy that requirement by supplementing its fare revenues
• § 99268.2 — In the case of an operator required to be in compliance with Section 99268 under Section 99268.
• § 99268.20 — (a) Notwithstanding any other law and except as specified in subdivision (b), Sections 99268, 99268.
• § 99268.3 — (a) In the case of an operator that is serving an urbanized area, and that was eligible for funds under this article during the 1978–79 fiscal year even though not required to be in compliance with Se
• § 99268.4 — In the case of an operator that is serving a nonurbanized area, and that was eligible for funds under this article during the 1978–79 fiscal year even though not required to be in compliance with Sect
• § 99268.5 — (a) Commencing with claims for the 1980–81 fiscal year, no funds shall be allocated under this article in any fiscal year to an operator providing services using vehicles for the exclusive use of elde
• § 99268.6 — (a) If a joint powers entity providing public transportation services was funded at any time under this article and is subsequently dissolved, any succeeding entity providing such services shall not b
• § 99268.7 — Any unallocated funds resulting from the limitations of Section 99268 may be used for capital intensive transit-related improvements.
• § 99268.8 — The required ratios of fare revenues to operating cost prescribed by this article shall not apply to an extension of public transportation services until two years after the end of the fiscal year in
• § 99268.9 — (a) (1) Except as otherwise provided in subdivision (b), if an operator was allocated funds under this article during a fiscal year in which it did not maintain the required ratio of fare revenues to
• § 99269 — (a) Notwithstanding any other provision of this article, all operators providing service within the area under the jurisdiction of the San Diego Metropolitan Transit Development Board and filing claim
• § 99270 — On or after the first day of any fiscal year, an operator may engage in temporary borrowing pursuant to Article 7.
• § 99270.1 — If an operator serves urbanized and nonurbanized areas in the area of jurisdiction of a transportation planning agency, the transportation planning agency shall adopt rules and regulations to determin
• § 99270.2 — If an operator serves an area that was first designated as an urbanized area in the 1980 or a subsequent federal census, the transportation planning agency or the county transportation commission may
• § 99270.5 — In determining whether there is compliance with Section 99268.
• § 99270.6 — In determining whether there is compliance with Section 99268.
• § 99271 — (a) An operator shall be eligible for allocations under this article, on and after July 1, 1976, only if the current cost of its retirement system is fully funded with respect to the officers and empl
• § 99272 — An operator that has a private pension plan shall be eligible for allocations under this article, on and after July 1, 1976, only if the operator does both of the following: (a) Conducts periodic actu
• § 99273 — An operator that has a private pension plan shall be eligible for allocations under this article, on and after July 1, 1976, only if the operator reports in its financial statements, at least annually
• § 99275 — (a) Claims may be filed with the transportation planning agency by claimants for community transit services, including such services for those, such as the disabled, who cannot use conventional transi
• § 99275.5 — (a) Claims, for purposes of this article, shall be filed in the same manner as claims are filed for purposes of Article 4 (commencing with Section 99260).
• § 99276 — Each claimant receiving funds allocated for purposes of this article shall submit an annual certified fiscal audit pursuant to Section 99245.
• § 99277 — Claimants may contract on the basis of competitive bidding to provide community transit services.
• § 99280 — An included municipal operator shall not establish a public transportation system either by adding new routes or extending existing routes, by acquisition or otherwise, outside of its boundaries and o
• § 99281 — The transit district may operate or establish new routes or extend existing routes in all or part of the area outside a municipal operator, except where the operation or establishment of that service
• § 99282 — All operators shall be encouraged to establish maximum coordination of public transportation services, fares, transfer privileges, and all other related matters for the overall improvement of public t
• § 99282.5 — Where there are two or more operators within its area of jurisdiction, the transportation planning agency, the county transportation commission, and the San Diego Metropolitan Transit Development Boar
• § 99283 — The consent of a transit district to the operation of a public transportation system by an included municipal operator pursuant to Section 99280 may include a requirement for interchange of transfers
• § 99284 — The violation by a transit district or an included municipal operator of any provisions of this article, or of any agreement between them with regard to providing public transportation services, shall
• § 99285 — (a) The county transportation commissions created pursuant to Division 12 (commencing with Section 130000), including those agencies in Los Angeles County created by statute that assume the same statu
• § 99285.1 — For any fiscal year commencing on and after July 1, 1975, in determining the allocation of any operator pursuant to Section 99285, the public transit service mileage of any operator which has lost any
• § 99285.2 — Notwithstanding subdivision (a) of Section 99285, any county transportation commission created pursuant to Division 12 (commencing with Section 130000) may adopt a resolution electing to approve the p
• § 99286 — Notwithstanding any other provision of law, no operator may plan or establish a public transportation system by adding or extending routes, by acquisition or otherwise, into the area of a contiguous t
• § 99287 — (a) No provision of this article shall preclude the San Francisco Bay Area Rapid Transit District from planning, acquiring, constructing, and operating its system within or without the territory of th
• § 99288 — (a) Any city, county, or transit district may enter into a contract with any operator, except with an included municipal operator unless specifically approved by the governing body of the transit dist
• § 99289 — (a) Funds received by a city or county designated as an included municipal operator pursuant to subdivision (b) of Section 99207 because it is not receiving adequate local public transportation servic
• § 99299 — The provisions of this article shall control over the provisions of any other act or law applicable to a transit district to the extent of any conflict with such provisions.
• § 99301 — Interest earned on funds allocated pursuant to this chapter shall be expended only for those purposes for which the funds were allocated.
• § 99301.5 — Notwithstanding Sections 99232, 99233, and 99301, the Orange County Transportation Commission may direct the transportation planning agency to allocate interest accruing from money retained for the de
• § 99301.6 — Interest accruing pursuant to Section 99301.
• § 99302 — Notwithstanding the fact that the Metropolitan Transportation Commission is not required to adopt a regional transportation plan until June 30, 1973, for the region comprised of the City and County of
• § 99302.5 — Before the Orange County Transit District may expend any of its allocation it has retained for the development of rapid transit for purposes other than such development, the Orange County Transportati
• § 99303 — Not less than 75 percent of the unallocated apportionment, as of June 30, 1978, and each June 30th thereafter, for the cities, and that portion of the County of San Diego, under the jurisdiction of th
• § 99304 — Notwithstanding Section 29530 of the Government Code, the Metropolitan Transportation Commission shall, if an unallocated apportionment has been set aside for an operator for specific future expenditu
• § 99310 — (a) The Transportation Planning and Development Account in the State Transportation Fund, hereafter referred to as the “account” in this article, is hereby continued in existence as the Public Transpo
• § 99310.5 — (a) The account is hereby designated a trust fund.
• § 99310.6 — (a) Notwithstanding any other provision of law, upon order of the Department of Finance, all or some of the state agencies collecting revenue for, or spending from, the Public Transportation Account s
• § 99311 — Upon appropriation by the Legislature, funds transferred, or scheduled as a reimbursement, to the account, pursuant to Section 21682.
• § 99311.1 — Upon appropriation by the Legislature, the director shall allocate, from the account or from other available state or federal sources, or from both state and federal sources, for the purposes of subdi
• § 99311.5 — The amount allocated to a transportation planning agency designated pursuant to Section 29532 of the Government Code, for the preparation or updating of a regional transportation plan pursuant to Chap
• § 99312 — Except as provided in Sections 99311 and 99311.
• § 99312.1 — (a) Revenues transferred to the Public Transportation Account pursuant to Sections 6051.
• § 99312.2 — (a) The State Transit Assistance Program, also known as the STA program, which provides for allocations of funds made available from the Public Transportation Account pursuant to Sections 99313 and 99
• § 99312.3 — Revenues transferred to the Public Transportation Account pursuant to paragraph (2) of subdivision (c) of Section 6051.
• § 99312.4 — Revenues transferred to the Public Transportation Account pursuant to subdivision (a) of Section 11053 of the Revenue and Taxation Code for the Transit and Intercity Rail Capital Program (Part 2 (comm
• § 99312.5 — (a) In the case of a transportation planning agency with county transportation commissions within its area of jurisdiction, the allocations pursuant to Sections 99313 and 99314 to the transportation p
• § 99312.7 — (a) Not later than each January 31st, for purposes of the State Transit Assistance Program, the Controller shall compute, publish, and send to each transportation planning agency and county transporta
• § 99313 — (a) From the funds made available pursuant to subdivision (c) of Section 99312 and paragraph (2) of subdivision (a) of Section 99312.
• § 99313.1 — (a) A transportation planning agency, a county transportation commission, or the San Diego Metropolitan Transit Development Board may transfer any funds that it receives pursuant to Section 99313 to a
• § 99313.3 — The amount received by each transportation planning agency and county transportation commission, and the San Diego Metropolitan Transit Development Board, pursuant to Sections 99313 and 99314, shall b
• § 99313.6 — (a) Each transportation planning agency and county transportation commission, and the San Diego Metropolitan Transit Development Board shall create a state transit assistance fund and deposit therein
• § 99313.7 — A public agency authorized to file claims with the transportation planning agency and expend funds pursuant to Section 99234.
• § 99314 — (a) From funds made available pursuant to subdivision (b) of Section 99312 and paragraph (1) of subdivision (a) of Section 99312.
• § 99314.1 — (a) For purposes of this section, the following terms have the following meanings: (1) The “Altamont Corridor Express” or the “authority” is the joint powers agency duly formed pursuant to Article 1 (
• § 99314.10 — (a) Notwithstanding any other law, for the 2020–21 to 2025–26, inclusive, fiscal years, the Controller shall calculate and publish the allocation of funds made pursuant to Section 99314 to each transp
• § 99314.11 — (a) Notwithstanding any other law and except as specified in subdivision (b), Sections 99314.
• § 99314.2 — (a) For purposes of this section, the following terms have the following meanings: (1) The “Southern California Regional Rail Authority” or the “authority” is that joint powers authority described in
• § 99314.3 — (a) The amount allocated to each transportation planning agency and county transportation commission, and the San Diego Metropolitan Transit Development Board pursuant to Section 99314 shall be alloca
• § 99314.4 — (a) An operator in an urbanized area having a population of less than 200,000 persons may elect to participate in the funding exchange program authorized by this subdivision.
• § 99314.5 — (a) It is the intent of the Legislature that, in allocating the funds available pursuant to Section 99313, the transportation planning agencies and county transportation commissions, and the San Diego
• § 99314.6 — (a) Except as provided in subdivision (e) and Section 99314.
• § 99314.7 — (a) In allocating funds for operating purposes pursuant to Sections 99313 and 99314, the Metropolitan Transportation Commission shall apply the following eligibility standards to the operators within
• § 99314.8 — (a) Notwithstanding any other law, for the third and fourth quarters of the 2015–16 fiscal year, and for all four quarters of the 2016–17 fiscal year, the Controller shall calculate and publish the al
• § 99314.9 — Commencing with the 2017–18 fiscal year, for the estimates described in Section 99312.
• § 99315 — Funds made available pursuant to subdivision (a) of Section 99312 shall be available for all of the following purposes: (a) To the department for bus and passenger rail services pursuant to Sections 1
• § 99315.7 — All funds from the Public Transportation Account and the State Highway Account, State Transportation Fund, previously allocated by the commission or the department to the new Fresno Amtrak Station pro
• § 99315.8 — All funds from the Public Transportation Account and the State Highway Account, in the State Transportation Fund, previously allocated by the commission for specific track repair and rolling stock acq
• § 99315.95 — All funds from the Public Transportation Account and the State Highway Account, in the State Transportation Fund, previously allocated by the California Transportation Commission to the City of Seasid
• § 99316 — Funds made available pursuant to subdivision (a) of Section 99315 shall be appropriated to the department for allocation, as directed by the commission, for purposes of bus and passenger rail services
• § 99317 — (a) Funds made available pursuant to subdivision (b) of Section 99315 shall be appropriated to the department for allocation, as directed by the commission, to fund public transit capital improvement
• § 99317.1 — (a) Funds appropriated pursuant to subdivision (a) of Section 99317 shall, in addition to the purposes specified in that section, be available for short-line railroad rehabilitation projects, through
• § 99317.10 — (a) A public entity which has received an allocation for funding of an intermodal transfer station pursuant to subdivision (a) of Section 99317 shall, upon request of the department, authorize state-f
• § 99317.8 — (a) A public agency that has received an allocation for funding of an intermodal transfer station pursuant to subdivision (a) of Section 99317 shall provide for maintaining the station and its appurte
• § 99317.9 — The department and the commission shall give reasonable priority to allocations pursuant to subdivision (a) of Section 99317 to station projects that improve access for visitors to state prisons.
• § 99318.1 — An intercity rail project nominated by the department shall be eligible to compete for funding pursuant to Section 99317 if it is recommended in the passenger rail element of the State Rail Plan prepa
• § 99319 — (a) If a rail capital improvement project proposed for funding by the department or a local agency includes as an element the addition or improvement of rail passenger service boarding platforms, thos
• § 99320 — This article is not applicable in a county where the transit district has been provided bonding authority by statute.
• § 99320.5 — If the transportation planning agency determines that the cost of an approved claim for capital expenditures for public transportation purposes, excluding highways, within a county is, together with a
• § 99321 — For purposes of this article, “limited obligation bonds” are bonds payable solely from the local transportation fund of the county.
• § 99322 — In determining the amount of bonds to be issued, the transportation planning agency may include: (a) All costs and estimated costs incidental to or connected with the acquisition, construction, improv
• § 99323 — The bonds and the resolution providing for their issuance shall state that they are limited obligation bonds payable solely from the revenues.
• § 99324 — The term of bonds issued shall not exceed 31 years.
• § 99325 — The bonds shall be sold as the transportation planning agency shall determine but for not less than a price which will produce a net interest cost that will not exceed an average of 7 percent a year a
• § 99326 — The bonds are special obligations of the county and shall be a charge against and are secured by a lien upon and shall be payable, as to the principal thereof and interest thereon, and any premiums up
• § 99327 — By resolution, the board of supervisors shall pledge, place a charge upon, and assign all or any part of the revenues for the security of the bonds.
• § 99328 — The payment of interest on and principal of the bonds and any premiums upon the redemption of any thereof are secured by an exclusive pledge, charge, and lien upon all or the designated portion of the
• § 99329 — The revenues and any interest earned on the revenues constitute a trust fund for the security and payment of the interest on and principal of the bonds.
• § 99330 — So long as any bonds or interest thereon are unpaid following their maturity, the revenues or the designated portion and interest thereon shall not be used for any other purpose.
• § 99331 — If the interest and principal of the bonds and all charges to protect or secure them are paid when due, an amount or amounts for other purposes may be apportioned from the revenues or the designated p
• § 99332 — Bonds of the same issue shall be equally secured by a pledge, charge, and lien upon the revenues specified in the resolution authorizing the issuance of the bonds, without priority for number, or date
• § 99333 — The general fund or any other fund of the county shall not be liable for the payment of the bonds or their interest.
• § 99334 — The general credit or taxing power of the county, other than the sales and use tax as herein provided, shall not be liable for the payment of the bonds or their interest.
• § 99335 — The holder of the bonds or coupons shall not compel the exercise of the taxing power by the county, other than the sales and use tax as herein provided, or the forfeiture of its property.
• § 99336 — The principal of and interest on the bonds and any premiums upon the redemption of any thereof are not a debt of the county, nor a legal or equitable pledge, charge, lien, or encumbrance upon any of i
• § 99337 — Every bond shall recite in substance that the principal of and interest on the bond are payable solely from the revenues pledged to its payment and that the county is not obligated to pay it, except f
• § 99338 — The bonds and interest or income from the bonds are exempt from taxation in this state, except from gift, inheritance, and estate taxes.
• § 99339 — In the resolution authorizing the bonds, the board of supervisors may, with the consent of the transportation planning agency, insert any of the provisions authorized by this article, which shall beco
• § 99340 — The transportation planning agency may provide for limitations on: (a) The purpose to which the proceeds of sale of any issue of bonds may be applied.
• § 99341 — The transportation planning agency may provide for events of default and terms upon which the bonds may be declared due before maturity and the terms upon which the declaration and its consequences ma
• § 99342 — The transportation planning agency may provide for the rights, liabilities, powers, and duties arising upon the county’s breach of any covenants, conditions, or obligations.
• § 99343 — The transportation planning agency may provide for the vesting in a trustee of the right to enforce covenants to secure payment of or in relation to the bonds, and the trustee’s powers and duties and
• § 99344 — The transportation planning agency may provide for the terms upon which the bondholders or any percentage of them may enforce covenants or duties imposed by this article.
• § 99345 — The transportation planning agency may require the board of supervisors to provide in the resolution for a procedure for amending or abrogating the terms of the resolution with the consent of the hold
• § 99346 — Any resolution containing such a procedure may also provide for meetings of bondholders or for their written assent without a meeting and the manner of consenting, with or without a meeting.
• § 99347 — The resolution shall specifically state the effect of amendment upon the rights of the holders of all of the bonds and attached or detached interest coupons and shall be binding upon the holders of al
• § 99348 — The transportation planning agency may provide for any other acts and things necessary, convenient or desirable to secure the bonds or tending to make them more marketable.
• § 99349 — The county shall pay or cause to be paid the principal and interest of the bonds on the date, at the place, and in the manner mentioned in the bonds and coupons and in accordance with the resolution a
• § 99350 — During the period that any of the bonds and the interest thereon are unpaid, the county shall prescribe, revise and collect taxes in the manner provided by Part 1.
• § 99351 — After making allowances for contingencies and error in the estimates, the taxes, for the respective purposes hereinafter set forth, shall be at least sufficient to pay the following amounts in the ord
• § 99352 — A separate, distinct and special account shall be created at or before the issuance of the bonds, which shall be maintained continuously in the local transportation fund during the time that any of th
• § 99353 — All designated revenues shall be deposited in the special account and payments shall be made therefrom as provided in Section 99351.
• § 99354 — The county shall preserve and protect the security of the bonds and the rights of the bondholders and warrant and defend their rights against all claims and demands of all persons.
• § 99355 — In order to fully preserve and protect the priority and security of the bonds, the county shall pay from the special account in the local transportation fund and discharge all lawful claims for labor,
• § 99356 — The county shall hold in trust the revenues pledged to the payment of the principal of and interest on the bonds for the benefit of the bondholders and shall apply the same pursuant to the resolution
• § 99357 — The county may invest funds held in reserve, or in any sinking fund, or funds not required for immediate disbursement, in property or securities in which counties may legally invest funds subject to t
• § 99358 — The county shall keep proper books of record and accounts of the revenues, separate from all other records and accounts, in which complete and correct entries shall be made of all transactions relatin
• § 99359 — At all times the books shall be subject to the inspection of the holders of not less than 10 percent of the outstanding bonds or their representatives authorized in writing.
• § 99360 — The county shall cause to be published a summary statement showing the amount of revenues deposited which are required as security for payment of the principal of and interest on the bonds, the disbur
• § 99361 — The statement shall be published annually, not more than 120 days after the close of each fiscal year.
• § 99362 — In the resolution authorizing the bonds, the county may agree that the statement shall be prepared or audited by an independent certified public accountant and shall be in the form and contain the det
• § 99363 — The duties set forth in this article do not require the county to expend any funds other than revenues pledged to secure payment of the principal of or interest on bonds as provided in this article.
• § 99364 — A fiscal or paying agent may be appointed as now or as may hereafter be provided in Article 7 (commencing with Section 54550), Chapter 6, Part 1, Division 2, Title 5 of the Government Code.
• § 99365 — An action to determine the validity of bonds may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure.