Bill Text: CA AB4 | 2015-2016 | Regular Session | Introduced
Bill Title: Vehicle weight fees: transportation bond debt service.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Failed) 2016-02-01 - From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. [AB4 Detail]
Download: California-2015-AB4-Introduced.html
BILL NUMBER: AB 4 INTRODUCED
BILL TEXT
INTRODUCED BY Assembly Member Linder
DECEMBER 1, 2014
An act to add and repeal Section 9400.5 of the Vehicle Code,
relating to transportation.
LEGISLATIVE COUNSEL'S DIGEST
AB 4, as introduced, Linder. Vehicle weight fees: transportation
bond debt service.
Existing law imposes weight fees on the registration of commercial
motor vehicles and provides for the deposit of net weight fee
revenues into the State Highway Account. Existing law provides for
the transfer of certain weight fee revenues from the State Highway
Account to the Transportation Debt Service Fund to reimburse the
General Fund for payment of debt service on general obligation bonds
issued for transportation purposes. Existing law also provides for
the transfer of certain weight fee revenues to the Transportation
Bond Direct Payment Account for direct payment of debt service on
designated bonds, which are defined to be certain transportation
general obligation bonds issued pursuant to Proposition 1B of 2006.
Existing law also provides for loans of weight fee revenues to the
General Fund to the extent the revenues are not needed for bond debt
service purposes, with the loans to be repaid when the revenues are
later needed for those purposes, as specified.
This bill, notwithstanding these provisions or any other law,
until January 1, 2020, would prohibit weight fee revenues from being
transferred from the State Highway Account to the Transportation Debt
Service Fund, the Transportation Bond Direct Payment Account, or any
other fund or account for the purpose of payment of the debt service
on transportation general obligation bonds, and would also prohibit
loans of weight fee revenues to the General Fund.
Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. Section 9400.5 is added to the Vehicle Code, to read:
9400.5. (a) Notwithstanding Sections 9400.1, 9400.4, and 42205 of
this code, Sections 16773 and 16965 of the Government Code, Section
2103 of the Streets and Highways Code, or any other law, weight fee
revenues shall not be transferred from the State Highway Account to
the Transportation Debt Service Fund, the Transportation Bond Direct
Payment Account, or any other fund or account for the purpose of
payment of the debt service on transportation general obligation
bonds, and shall not be loaned to the General Fund.
(b) This section shall remain in effect only until January 1,
2020, and as of that date is repealed, unless a later enacted
statute, that is enacted before January 1, 2020, deletes or extends
that date.
