reglab/housing_qa huggingface dataset:
CA St & Hwy Code § 2701.12 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 17 - Passenger Rail and Clean Air Bond Act of 1990|ARTICLE 3 - Fiscal Provisions|Section 2701.12.

2701.12.  (a) Solely for the purpose of authorizing the issuance and sale, pursuant to the State General Obligation Bond Law, of the bonds authorized by this chapter, the Passenger Rail Finance Committee is hereby created. For purposes of this chapter, the Passenger Rail Finance Committee is “the committee” as that term is used in the State General Obligation Bond Law. The committee consists of the Treasurer, the Director of Finance, the Controller, the Secretary of the Business, Transportation and Housing Agency, and the Director of Transportation, or their designated representatives. The Treasurer shall serve as chairperson of the committee. A majority of the committee may act for the committee.(b) For purposes of the State General Obligation Bond Law, the department is designated the “board.”(Added by Stats. 1989, Ch. 108, Sec. 2. Approved in Proposition 108 at the June 5, 1990, election.)
CA St & Hwy Code § 2701.13 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 17 - Passenger Rail and Clean Air Bond Act of 1990|ARTICLE 3 - Fiscal Provisions|Section 2701.13.

2701.13.  The committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to carry out the actions specified in Section 2701.06 and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be issued and sold to carry out those actions progressively, and it is not necessary that all of the bonds authorized be issued and sold at any one time. The committee shall consider program funding needs, revenue projections, financial market conditions, and other necessary factors in determining the shortest feasible term for the bonds to be issued.(Added by Stats. 1989, Ch. 108, Sec. 2. Approved in Proposition 108 at the June 5, 1990, election.)
CA St & Hwy Code § 2701.14 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 17 - Passenger Rail and Clean Air Bond Act of 1990|ARTICLE 3 - Fiscal Provisions|Section 2701.14.

2701.14.  There shall be collected each year and in the same manner and at the same time as other state revenue is collected, in addition to the ordinary revenues of the state, a sum in an amount required to pay the principal of, and interest on, the bonds each year. It is the duty of all officers charged by law with any duty in regard to the collection of the revenue to do and perform each and every act which is necessary to collect that additional sum.(Added by Stats. 1989, Ch. 108, Sec. 2. Approved in Proposition 108 at the June 5, 1990, election.)
CA St & Hwy Code § 2701.15 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 17 - Passenger Rail and Clean Air Bond Act of 1990|ARTICLE 3 - Fiscal Provisions|Section 2701.15.

2701.15.  Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this chapter, an amount equal to that sum annually necessary to pay the principal of, and interest on, bonds issued and sold pursuant to this chapter, as the principal and interest become due and payable.(Added by Stats. 1989, Ch. 108, Sec. 2. Approved in Proposition 108 at the June 5, 1990, election.)
CA St & Hwy Code § 2701.16 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 17 - Passenger Rail and Clean Air Bond Act of 1990|ARTICLE 3 - Fiscal Provisions|Section 2701.16.

2701.16.  (a) Money may be transferred from the fund to the State Transportation Fund to reimburse the Transportation Planning and Development Account and the State Highway Account for expenditures made from those accounts, on and after June 6, 1990, for capital improvements and acquisitions of rolling stock for intercity rail, commuter rail, and urban rail transit in accordance with Chapter 2 (commencing with Section 14520) of Part 5.3 of Division 3 of Title 2 of the Government Code, as specified in Section 2701.06.(b) The amount that may be transferred pursuant to subdivision (a) shall not exceed the amount expended from those accounts for those capital improvements and acquisitions of rolling stock.(Added by Stats. 1989, Ch. 108, Sec. 2. Approved in Proposition 108 at the June 5, 1990, election.)
CA St & Hwy Code § 2701.17 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 17 - Passenger Rail and Clean Air Bond Act of 1990|ARTICLE 3 - Fiscal Provisions|Section 2701.17.

2701.17.  The board may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account, in accordance with Section 16312 of the Government Code, for purposes of this chapter. The amount of the request shall not exceed the amount of the unsold bonds which the committee has, by resolution, authorized to be sold for the purpose of this chapter, less any amount borrowed pursuant to Section 2701.18. The board shall execute such documents as required by the Pooled Money Investment Board to obtain and repay the loan. Any amount loaned shall be deposited in the fund to be allocated by the board in accordance with this chapter.(Added by Stats. 1989, Ch. 108, Sec. 2. Approved in Proposition 108 at the June 5, 1990, election.)
CA St & Hwy Code § 2701.18 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 17 - Passenger Rail and Clean Air Bond Act of 1990|ARTICLE 3 - Fiscal Provisions|Section 2701.18.

2701.18.  For the purpose of carrying out this chapter, the Director of Finance may authorize the withdrawal from the General Fund of an amount or amounts not to exceed the amount of unsold bonds which have been authorized by the committee to be sold for the purpose of carrying out this chapter, less any amount borrowed pursuant to Section 2701.17. Any amount withdrawn shall be deposited in the fund. Any money made available under this section shall be returned to the General Fund, plus the interest that the amounts would have earned in the Pooled Money Investment Account, from the sale of bonds for the purpose of carrying out this chapter.(Added by Stats. 1989, Ch. 108, Sec. 2. Approved in Proposition 108 at the June 5, 1990, election.)
CA St & Hwy Code § 2701.19 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 17 - Passenger Rail and Clean Air Bond Act of 1990|ARTICLE 3 - Fiscal Provisions|Section 2701.19.

2701.19.  All money deposited in the fund which is derived from premium and accrued interest on bonds sold shall be reserved in the fund and shall be available for transfer to the General Fund as a credit to expenditures for bond interest.(Added by Stats. 1989, Ch. 108, Sec. 2. Approved in Proposition 108 at the June 5, 1990, election.)
CA St & Hwy Code § 2701.20 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 17 - Passenger Rail and Clean Air Bond Act of 1990|ARTICLE 3 - Fiscal Provisions|Section 2701.20.

2701.20.  The bonds may be refunded in accordance with Article 6 (commencing with Section 16780) of the State General Obligation Bond Law.(Added by Stats. 1989, Ch. 108, Sec. 2. Approved in Proposition 108 at the June 5, 1990, election.)
CA St & Hwy Code § 2701.21 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 17 - Passenger Rail and Clean Air Bond Act of 1990|ARTICLE 3 - Fiscal Provisions|Section 2701.21.

2701.21.  The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this chapter are not “proceeds of taxes” as that term is used in Article XIII B of the California Constitution, the disbursement of these proceeds is not subject to the limitations imposed by that article.(Added by Stats. 1989, Ch. 108, Sec. 2. Approved in Proposition 108 at the June 5, 1990, election.)
CA St & Hwy Code § 2701.22 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 17 - Passenger Rail and Clean Air Bond Act of 1990|ARTICLE 3 - Fiscal Provisions|Section 2701.22.

2701.22.  Notwithstanding any provision of the State General Obligation Bond Law with regard to the proceeds from the sale of bonds authorized by this chapter that are subject to investment under Article 4 (commencing with Section 16470) of Chapter 3 of Part 2 of Division 4 of Title 2 of the Government Code, the Treasurer may maintain a separate account for investment earnings, order the payment of those earnings to comply with any rebate requirement applicable under federal law, and may otherwise direct the use and investment of those proceeds so as to maintain the tax-exempt status of those bonds and to obtain any other advantage under federal law on behalf of the funds of this state.(Added by Stats. 1989, Ch. 108, Sec. 2. Approved in Proposition 108 at the June 5, 1990, election.)
CA St & Hwy Code § 2701.23 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 17 - Passenger Rail and Clean Air Bond Act of 1990|ARTICLE 3 - Fiscal Provisions|Section 2701.23.

2701.23.  (a) The department may advance funds in the State Highway Account in the State Transportation Fund for all or a portion of the cost of projects approved for bond funding pursuant to this chapter. The director shall first make a finding that there are adequate funds for the advancement without delaying or adversely affecting any other project. The total amount advanced shall not exceed the amount of the unsold bonds which the committee has, by resolution, authorized to be sold for the purposes of this chapter.(b) All advances shall be subject to the terms and conditions of an agreement between the department and the public entity which will receive the advancement. The agreement shall contain provisions for reimbursement of the State Highway Account from the proceeds of the next bond sale for funds advanced pursuant to this section. Any amounts advanced pursuant to this section shall be repaid with interest at the rate being earned by the Pooled Money Investment Account at the time of the advance. Interest payments shall be made from the funds of the public entity which received the advancement, other than from the proceeds of bonds authorized by this chapter.(Repealed and added by Stats. 1992, Ch. 25, Sec. 6. Effective April 1, 1992. Note: This section was added originally by Stats. 1989, Ch. 108, and approved in Prop. 108 on June 5, 1990.)
CA St & Hwy Code § 2701.24 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 17 - Passenger Rail and Clean Air Bond Act of 1990|ARTICLE 3 - Fiscal Provisions|Section 2701.24.

2701.24.  Notwithstanding Section 2701.22 or any other provision of this bond act, or of the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code), if the Treasurer sells bonds pursuant to this bond act that include a bond counsel opinion to the effect that the interest on the bonds is excluded from gross income for federal tax purposes under designated conditions, the Treasurer may maintain separate accounts for the bond proceeds invested and the investment earnings on those proceeds, and may use or direct the use of those proceeds or earnings to pay any rebate, penalty, or other payment required under federal law, or take any other action with respect to the investment and use of those bond proceeds, as may be required or desirable under federal law in order to maintain the tax-exempt status of those bonds and to obtain any other advantage under federal law on behalf of the funds of this state.(Added by Stats. 1991, Ch. 652, Sec. 27.)
CA St & Hwy Code § 2704 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 20 - Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century|ARTICLE 1 - General Provisions|Section 2704.

2704.  This chapter shall be known and may be cited as the Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century.(Added by Stats. 2008, Ch. 267, Sec. 9. Approved in Proposition 1A at the November 4, 2008, election.)
CA St & Hwy Code § 2704.01 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 20 - Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century|ARTICLE 1 - General Provisions|Section 2704.01.

2704.01.  As used in this chapter, the following terms have the following meanings:(a) “Committee” means the High-Speed Passenger Train Finance Committee created pursuant to Section 2704.12.(b) “Authority” means the High-Speed Rail Authority created pursuant to Section 185020 of the Public Utilities Code, or its successor.(c) “Fund” means the High-Speed Passenger Train Bond Fund created pursuant to Section 2704.05.(d) “High-speed train” means a passenger train capable of sustained revenue operating speeds of at least 200 miles per hour where conditions permit those speeds.(e) “High-speed train system” means a system with high-speed trains and includes, but is not limited to, the following components: right-of-way, track, power system, rolling stock, stations, and associated facilities.(f) “Corridor” means a portion of the high-speed train system as described in Section 2704.04.(g) “Usable segment” means a portion of a corridor that includes at least two stations.(Added by Stats. 2008, Ch. 267, Sec. 9. Approved in Proposition 1A at the November 4, 2008, election.)
CA St & Hwy Code § 2704.05 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 20 - Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century|ARTICLE 2 - High-Speed Passenger Train Financing Program|Section 2704.05.

2704.05.  Subject to Section 2704.18, the proceeds of bonds issued and sold pursuant to this chapter shall be deposited in the High-Speed Passenger Train Bond Fund, which is hereby created.(Added by Stats. 2008, Ch. 267, Sec. 9. Approved in Proposition 1A at the November 4, 2008, election.)
CA St & Hwy Code § 2704.06 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 20 - Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century|ARTICLE 2 - High-Speed Passenger Train Financing Program|Section 2704.06.

2704.06.  The net proceeds received from the sale of nine billion dollars ($9,000,000,000) principal amount of bonds authorized pursuant to this chapter, upon appropriation by the Legislature in the annual Budget Act, shall be available, and subject to those conditions and criteria that the Legislature may provide by statute, for (a) planning the high-speed train system and (b) capital costs set forth in subdivision (c) of Section 2704.04, consistent with the authority’s certified environmental impact reports of November 2005 and July 9, 2008, as subsequently modified pursuant to environmental studies conducted by the authority.(Added by Stats. 2008, Ch. 267, Sec. 9. Approved in Proposition 1A at the November 4, 2008, election.)
CA St & Hwy Code § 2704.07 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 20 - Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century|ARTICLE 2 - High-Speed Passenger Train Financing Program|Section 2704.07.

2704.07.  The authority shall pursue and obtain other private and public funds, including, but not limited to, federal funds, funds from revenue bonds, and local funds, to augment the proceeds of this chapter.(Added by Stats. 2008, Ch. 267, Sec. 9. Approved in Proposition 1A at the November 4, 2008, election.)
CA St & Hwy Code § 2704.09 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 20 - Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century|ARTICLE 2 - High-Speed Passenger Train Financing Program|Section 2704.09.

2704.09.  The high-speed train system to be constructed pursuant to this chapter shall be designed to achieve the following characteristics:(a) Electric trains that are capable of sustained maximum revenue operating speeds of no less than 200 miles per hour.(b) Maximum nonstop service travel times for each corridor that shall not exceed the following:(1) San Francisco-Los Angeles Union Station: two hours, 40 minutes.(2) Oakland-Los Angeles Union Station: two hours, 40 minutes.(3) San Francisco-San Jose: 30 minutes.(4) San Jose-Los Angeles: two hours, 10 minutes.(5) San Diego-Los Angeles: one hour, 20 minutes.(6) Inland Empire-Los Angeles: 30 minutes.(7) Sacramento-Los Angeles: two hours, 20 minutes.(c) Achievable operating headway (time between successive trains) shall be five minutes or less.(d) The total number of stations to be served by high-speed trains for all of the corridors described in subdivision (b) of Section 2704.04 shall not exceed 24. There shall be no station between the Gilroy station and the Merced station.(e) Trains shall have the capability to transition intermediate stations, or to bypass those stations, at mainline operating speed.(f) For each corridor described in subdivision (b), passengers shall have the capability of traveling from any station on that corridor to any other station on that corridor without being required to change trains.(g) In order to reduce impacts on communities and the environment, the alignment for the high-speed train system shall follow existing transportation or utility corridors to the extent feasible and shall be financially viable, as determined by the authority.(h) Stations shall be located in areas with good access to local mass transit or other modes of transportation.(i) The high-speed train system shall be planned and constructed in a manner that minimizes urban sprawl and impacts on the natural environment.(j) Preserving wildlife corridors and mitigating impacts to wildlife movement, where feasible as determined by the authority, in order to limit the extent to which the system may present an additional barrier to wildlife’s natural movement.(Added by Stats. 2008, Ch. 267, Sec. 9. Approved in Proposition 1A at the November 4, 2008, election.)
CA St & Hwy Code § 2704.10 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 20 - Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century|ARTICLE 3 - Fiscal Provisions|Section 2704.10.

2704.10.  (a) Bonds in the total amount of nine billion nine hundred fifty million dollars ($9,950,000,000), exclusive of refunding bonds issued in accordance with Section 2704.19, or so much thereof as is necessary, may be issued and sold to provide a fund to be used for carrying out the purposes expressed in this chapter and to be used to reimburse the General Obligation Bond Expense Revolving Fund pursuant to Section 16724.5 of the Government Code. The bonds, when sold, shall be and constitute a valid and binding obligation of the State of California, and the full faith and credit of the State of California is hereby pledged for the punctual payment of both principal of, and interest on, the bonds as the principal and interest become due and payable.(b) The Treasurer shall sell the bonds authorized by the committee pursuant to this section. The bonds shall be sold upon the terms and conditions specified in a resolution to be adopted by the committee pursuant to Section 16731 of the Government Code.(Added by Stats. 2008, Ch. 267, Sec. 9. Approved in Proposition 1A at the November 4, 2008, election.)
CA St & Hwy Code § 2704.11 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 20 - Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century|ARTICLE 3 - Fiscal Provisions|Section 2704.11.

2704.11.  (a) Except as provided in subdivision (b), the bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law, Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code, and all of the provisions of that law apply to the bonds and to this chapter and are hereby incorporated in this chapter as though set forth in full in this chapter.(b) Notwithstanding any provision of the State General Obligation Bond Law, each issue of bonds authorized by the committee shall have a final maturity of not more than 40 years from the date of original issuance thereof.(Added by Stats. 2008, Ch. 267, Sec. 9. Approved in Proposition 1A at the November 4, 2008, election.)
CA St & Hwy Code § 2704.12 (2021)
2021 California Code|Streets and Highways Code - SHC|DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS|CHAPTER 20 - Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century|ARTICLE 3 - Fiscal Provisions|Section 2704.12.

2704.12.  (a) Solely for the purpose of authorizing the issuance and sale of the bonds authorized by this chapter and the making of those determinations and the taking of other actions as are authorized by this chapter, pursuant to the State General Obligation Bond Law, the High-Speed Passenger Train Finance Committee is hereby created. For purposes of this chapter, the High-Speed Passenger Train Finance Committee is “the committee” as that term is used in the State General Obligation Bond Law. The committee consists of the Treasurer, the Director of Finance, the Controller, the Secretary of Business, Transportation and Housing, and the chairperson of the authority. Notwithstanding any other provision of law, any member of the committee may designate a representative to act as that member in his or her place and stead for all purposes, as though the member were personally present. The Treasurer shall serve as chairperson of the committee. A majority of the committee shall constitute a quorum of the committee, and may act for the committee.(b) For purposes of the State General Obligation Bond Law, the authority is designated the “board.”(Added by Stats. 2008, Ch. 267, Sec. 9. Approved in Proposition 1A at the November 4, 2008, election.)