California § 31245. 31245. (Added by Stats. 1968, Ch. 923.)

California Statutes

§ 31245. — 31245. (Added by Stats. 1968, Ch. 923.)

California § 31245.

JurisdictionCalifornia

Code SHCStreets 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

This text of California § 31245. (31245. (Added by Stats. 1968, Ch. 923.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Cal. Streets and Highways Code - SHC Code § 31245. (2026).

Text

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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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.

Legislative History

Added by Stats. 1968, Ch. 923.

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California § 31245., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/SHC/31245..