Added by Stats. 2011, Ch. 234, Sec. 1. (SB 325) Effective January 1, 2012.
The authority has all of the following powers:
corporation, provided the service begins within the authority’s area of jurisdiction.
California Government Code — §§ 93312-93319
Added by Stats. 2011, Ch. 234, Sec. 1. (SB 325) Effective January 1, 2012.
The authority has all of the following powers:
corporation, provided the service begins within the authority’s area of jurisdiction.
Added by Stats. 2011, Ch. 234, Sec. 1. (SB 325) Effective January 1, 2012.
The authority may acquire, own, lease, and operate railroad lines and equipment, including, but not limited to, real and personal property, tracks, rights-of-way, equipment, and facilities.
Added by Stats. 2011, Ch. 234, Sec. 1. (SB 325) Effective January 1, 2012.
The authority may prepare a plan for the acquisition and operation of any railroad line specified in Section 93301, at no expense to the state, to achieve the purposes set forth in Section 93302.
Added by Stats. 2011, Ch. 234, Sec. 1. (SB 325) Effective January 1, 2012.
After preparation of a plan pursuant to Section 93314, the authority may do any of the following:
Added by Stats. 2011, Ch. 234, Sec. 1. (SB 325) Effective January 1, 2012.
However, an election is not required in the case of revenue bonds authorized by the board of directors for railroad facilities, and any addition, extension, and improvement thereto, and all other facilities authorized to be acquired, constructed, or completed by the authority under this title.
“enterprise,” as used in that law, includes railroad facilities, and any addition, extension, and improvement thereto, and all other facilities authorized to be acquired, constructed, or completed by the authority under this title.
Added by Stats. 2011, Ch. 234, Sec. 1. (SB 325) Effective January 1, 2012.
The state is not liable for any contracts, debts, or other obligations of the authority.
Added by Stats. 2011, Ch. 234, Sec. 1. (SB 325) Effective January 1, 2012.
Agencies forming the joint powers agreement implementing the authority shall be liable for all debts and obligations of the authority.
Added by Stats. 2011, Ch. 234, Sec. 1. (SB 325) Effective January 1, 2012.
The authority may not utilize or be a claimant for Transportation Development Act funds and shall not be entitled to receive funds from the Public Transportation Account.