California Public Utilities Code

§ 180303

PUC § 180303 Effective Jan 1, 2026Div. 19 · Ch. 7

Statute text

(a)The authority may issue bonds to finance costs of high-occupancy toll lanes or other toll facilities within the County of Sacramento approved by the California Transportation Commission pursuant to Section 149.7 of the Streets and Highways Code, including, without limitation, working capital costs, costs of issuance and credit enhancement, capitalized interest, and all reserves and other fees or costs related to the bonds. Those bonds may be payable from toll revenue or any other funds lawfully available to the authority for such purposes, including sales tax revenue, development impact fees, or state and federal grant funds.

(b)Before the authority issues bonds payable from toll revenue for a toll facility operated by CARTA, both of the following shall occur:

(1)The authority shall enter into an agreement with CARTA regarding the application of toll revenue to pay for bonds issued by the authority.

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Legislative history

Added by Stats. 2025, Ch. 724, Sec. 1. (AB 1223) Effective January 1, 2026.