California SB607 allows the Golden Gate Bridge, Highway and Transportation District to accept contributions and loans for seismic safety improvements.

California SB607 amends the Streets and Highways Code to authorize the Golden Gate Bridge, Highway and Transportation District to accept contributions and loans from the United States, the state of California, or its political subdivisions for seismic safety improvements. The district can pledge toll revenues for loan repayment and issue negotiable instruments as evidence of indebtedness. The bill restricts the district from issuing other forms of long-term indebtedness except for specified purposes.

California SB607 allows the Golden Gate Bridge, Highway and Transportation District to accept contributions and loans for seismic safety improvements.

California SB607 amends the Streets and Highways Code to authorize the Golden Gate Bridge, Highway and Transportation District to accept contributions and loans from the United States, the state of California, or its political subdivisions for seismic safety improvements. The district can pledge toll revenues for loan repayment and issue negotiable instruments as evidence of indebtedness. The bill restricts the district from issuing other forms of long-term indebtedness except for specified purposes.