Bill Text: CA SB1050 | 2021-2022 | Regular Session | Amended
Bill Title: Metropolitan Transportation Commission: State Route 37 Toll Bridge Act.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2022-08-11 - August 11 hearing: Held in committee and under submission. [SB1050 Detail]
Download: California-2021-SB1050-Amended.html
Amended
IN
Assembly
June 29, 2022 |
Amended
IN
Senate
May 23, 2022 |
Amended
IN
Senate
March 14, 2022 |
Introduced by Senator Dodd |
February 15, 2022 |
LEGISLATIVE COUNSEL'S DIGEST
The
The
To the extent this bill would mandate that a local government provide a new program or higher level of service, the bill would impose a state-mandated local program.
The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement.
This bill would provide that, if the Commission on State Mandates determines that the bill contains costs mandated by the state, reimbursement for those costs shall be made pursuant to the statutory provisions noted above.
Digest Key
Vote: MAJORITY Appropriation: NO Fiscal Committee: YES Local Program:Bill Text
The people of the State of California do enact as follows:
SECTION 1.
Chapter 4.1 (commencing with Section 30925) is added to Division 17 of the Streets and Highways Code, to read:CHAPTER 4.1. State Route 37 Toll Bridge Act
Article 1. General Provisions
30925.
(a) The Legislature finds and declares all of the following:30925.1.
This chapter shall be known, and may be cited, as the State Route 37 Toll Bridge Act.30925.2.
(a) The SR-37 Toll Authority is hereby created.30925.4.
(a) The SR-37 Toll Account is hereby created. Moneys in the account shall be available to the authority, upon appropriation by the Legislature, for the purposes described in this chapter.30925.5.
For purposes of this chapter, the following definitions apply:Article 2. Powers and Duties
30926.
The authority shall operate and maintain tolling infrastructure, including by installing toll facilities, and shall collect tolls for the use of the toll bridge and administer such toll revenues, and may design and construct improvements on the toll bridge and corridor in accordance with programming and scheduling requirements adopted by the authority. This chapter does not limit the authority or responsibility of the state, including the department, to maintain State Route 37.30926.1.
(a) Subject to the prior payment of all costs identified in paragraphs (7) and (9) of subdivision (b), in preparing its annual budget the authority shall prioritize expenditures of revenues from the toll bridge for improvements to the toll bridge, including the cost of any required environmental mitigation.30926.2.
The authority and the Bay Area Infrastructure Financing Authority shall be reimbursed for their combined administrative costs in an amount that shall not exceed 3 percent of toll bridge revenues.30926.3.
The authority shall have, and may exercise, all rights and powers, expressed or implied, that are necessary to carry out the purposes and intent of this chapter, including the power to do all of the following:30926.4.
(a) The authority shall develop and approve an expenditure plan for the revenues of the toll bridge, and any related toll bridge revenue bonds, which shall be updated at least every three years. The first expenditure plan shall be completed within 90 days of the effective date of the initial toll schedule.30926.5.
The authority shall consult with, and consider recommendations of, the State Route 37 Policy Committee and representatives of the department, the Sonoma County Transportation Authority, the Solano Transportation Authority, the Napa Valley Transportation Authority, and the Transportation Authority of Marin regarding plans and projects authorized by this chapter.30926.6.
The toll bridge does not constitute a state-owned toll bridge within the region, as defined in Section 66502 of the Government Code, for purposes of Chapters 4 (commencing with Section 30910), 4.3 (commencing with Section 30950), 4.5 (commencing with Section 31000), and 4.6 (commencing with Section 31070).Article 3. Toll Bridge Revenue Bonds
30927.
(a) The authority may issue bonds payable from the revenues derived from the tolls imposed on the toll bridge for any project or purpose authorized in this chapter, including bonds to refund outstanding bonds or other obligations of the authority.30927.2.
The toll bridge revenue bonds are legal investments for all trust funds, the funds of all insurance companies, banks, trust companies, executors, administrators, trustees, and other fiduciaries. The toll bridge revenue bonds are securities that may legally be deposited with, and received by, any state or municipal officer or agency or political subdivision of the state for any purpose for which the deposit of bonds or obligation of the state is now, or may hereafter be, authorized by law, including deposits to secure public funds.30927.4.
(a) The authority may issue toll bridge revenue bonds pursuant to a resolution it adopts by a majority vote of its governing board.30927.7.
(a) Refunding toll bridge revenue bonds may be issued in a principal amount sufficient to pay all, or any part of, the principal of the outstanding toll bridge revenue bonds and other obligations of the authority, the premiums, if any, due upon call and redemption thereof prior to maturity, all expenses of the refunding, and any of the following:30927.8.
The revenues from the tolls on the toll bridge shall be subject to a statutory lien in favor of the bondholders to secure all amounts due on the bonds and in favor of any provider of credit enhancement for the bonds to secure all amounts due to the provider with respect to those bonds. The lien shall immediately attach to the toll revenues and be effective, binding, and enforceable against the authority, its successors, creditors, and all others asserting the rights therein, irrespective of whether those parties have notice of the lien and without the need for any physical delivery, recordation, filing, or further act. The toll revenues shall remain subject to the lien until all bonds are paid in full or provisions are made therefor. Consistent with Section 30928, the toll bridge shall not become a free public bridge until that time.Article 4. Toll Rates
30928.
(a) A toll in an amount not less than one dollar ($1) nor greater than the toll bridge rates imposed by the Bay Area Toll Authority, other than the rates imposed on the San Francisco-Oakland Bay Bridge during peak hours, is hereby imposed on vehicles crossing the toll bridge. The toll imposed in this subdivision shall not become effective until the authority adopts a resolution as provided in subdivision (c). The authority shall maintain a toll schedule specifying the tolls to be charged on vehicles traveling on the toll bridge, the direction, or directions, of traffic for which those tolls will be charged, the times of day during which those tolls shall be charged, all subject to the limitations and requirements set forth in this chapter. The authority may charge tolls in both directions of State Route 37, in which case the toll in either direction shall be set so that the combined sum, not including any discounts or premiums, is consistent with the maximum and minimum amount listed in this subdivision.30928.2.
Within two years following the imposition of the initial toll rates and at least biennially thereafter, the authority shall review the adequacy of the toll rates to cover costs incurred pursuant to this chapter, including for improvements.30928.4.
(a) The authority’s toll schedule shall provide a 50 percent discount to qualifying high-occupancy vehicles to incentivize carpooling and maximize person throughput in the corridor. The authority may also include discounts and premiums to reduce congestion and the emissions of greenhouse gases, including, without limitation, discounts for off-peak travel and premiums for on-peak travel.30928.6.
(a) The authority’s toll schedule shall offer a discount of at least 25 percent and no more than 50 percent that shall be available to low-income drivers who subscribe to the electronic toll collection system administered by the Bay Area Toll Authority. The authority shall develop a privacy policy to protect any personally identifiable information collected as part of the application process, which shall be described in the application materials.30928.8.
Notwithstanding any other law, any action or proceeding to contest, question, or deny the validity of the tolls authorized under this chapter or the issuance of any toll bridge revenue bonds or incurrence of any other obligations hereunder, and all proceedings in relation thereto, is contested, questioned, or denied, shall be commenced within 60 days from the effective date of the bill that added this section; otherwise, such tolls and the issuance of any toll bridge revenue bonds or incurrence of any other obligations under this chapter, and all proceedings in relation thereto, shall be held to be valid and in every respect legal and uncontestable.Article 5. Operation of this Chapter
30930.
This chapter shall become operative upon the California Transportation Commission approving an application submitted by the Metropolitan Transportation Commission pursuant to subdivision (a) of Section 30970.If the Commission on State Mandates determines that this act contains costs mandated by the state, reimbursement to local agencies and school districts for those costs shall be made pursuant to Part 7 (commencing with Section 17500) of Division 4 of Title 2 of the Government Code.