California Statutes
§ 31306. — 31306. (Added by Stats. 1996, Ch. 553, Sec. 2.)
California·Code SHC Streets and Highways Code - SHC·Div. 17. DIVISION 17. TOLL FACILITIES AND RELATED MATTERS·Ch. 6. CHAPTER 6. Border Region Toll Facilities
The commission may issue revenue bonds for the purpose of obtaining funds for constructing additional highways or for making capacity enhancing improvements to existing highways to accommodate additional commercial traffic resulting from the North American Free Trade Agreement. The sole security for the payment of principal and interest on the bonds shall be revenues derived from the tolls imposed pursuant to Section 31300. In authorizing and issuing bonds pursuant to this chapter, the commission and the department shall, to the fullest extent feasible, follow the procedures and requirements of Article 5 (commencing with Section 30200) of Chapter 1 of Division 17.
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California § 31306. (31306. (Added by Stats. 1996, Ch. 553, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1996, Ch. 553, Sec. 2. Effective January 1, 1997.