California Streets and Highways Code

§ 30884

SHC § 30884 Effective Jan 1, 2004Div. 17 · Ch. 3 · Art. 3.5

Statute text

(a)“Net transit revenues” means those revenues of the San Francisco-Oakland Bay Bridge, the San Mateo-Hayward Bridge, and the Dumbarton Bridge determined by the authority as derived from the toll increase instituted by the commission in 1977. The calculation of the amount of the net transit revenues is equal to 16 percent of the revenue generated each year from the collection of the base toll at its level in existence for the 2001–02 fiscal year on the San Francisco-Oakland Bay Bridge, the San Mateo-Hayward Bridge, and the Dumbarton Bridge.

(b)The net transit revenues are subordinate to all of the following:

(1)The obligation to pay necessary costs of toll collection operation.

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Legislative history

Amended by Stats. 2003, Ch. 715, Sec. 46. Effective January 1, 2004.