SB607 allows the Golden Gate Bridge, Highway and Transportation District to accept contributions or loans for seismic safety improvements.
SB607 amends the Streets and Highways Code to permit the Golden Gate Bridge, Highway and Transportation District to accept contributions or loans from the United States, the state of California, or its political subdivisions for seismic safety improvements. The district can authorize these contributions or loans through a resolution specifying the purpose, principal amount, duration, and interest rate. The bill also allows the district to pledge toll revenues for loan repayment and enter into related contracts.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.