SB117 authorizes a loan of up to $590 million for the San Francisco Bay Area's transit operating purposes.
SB117 adds Section 75227 to the Public Resources Code, authorizing the Transportation Agency to loan up to $590 million to the Metropolitan Transportation Commission for the San Francisco Bay Area's transit operating purposes. The loan, repaid over 12 years with interest-only payments for the first two years, aims to avoid service reductions and maintain transit service levels.
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