California Statutes
§ 31245. — 31245. (Added by Stats. 1968, Ch. 923.)
California·Code SHC Streets and Highways Code - SHC·Div. 17. DIVISION 17. TOLL FACILITIES AND RELATED MATTERS·Ch. 5. CHAPTER 5. El Dorado County Toll Tunnel Authority Act·Art. 10. ARTICLE 10. Operation and Maintenance After Retirement of Bonds
After all bonds issued pursuant to this chapter for the construction of the toll tunnel have been fully redeemed and paid, the authority shall either:
(a)Transfer the toll tunnel to the state for operation and maintenance as a state highway by the department, either free of tolls or at the rates of tolls adjusted so as to provide a fund of not to exceed the amount necessary for the proper maintenance, repair, and operation of the toll tunnel under economical management; or
(b)Operate and maintain the toll tunnel itself, either free of tolls or at rates of toll adjusted so as to provide a fund of not to exceed the amount necessary for the proper maintenance, repair, and operation of the toll tunnel under economical management.
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California § 31245. (31245. (Added by Stats. 1968, Ch. 923.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1968, Ch. 923.