California Streets and Highways Code

§ 30954

SHC § 30954 Effective Jul 18, 2005Div. 17 · Ch. 4.3

Statute text

At such time as obligations of the California Infrastructure and Economic Development Bank secured by the seismic retrofit surcharge imposed under subdivision (a) of Section 31010 are no longer outstanding, as that term is defined in the constituent instruments defining the rights of the holders of those obligations, all revenues, interest earned, and existing fund balances in the Toll Bridge Seismic Retrofit Account shall be transferred to the authority for deposit in the Bay Area Toll Account.

Legislative history

Added by Stats. 2005, Ch. 71, Sec. 12. Effective July 18, 2005.