reglab/housing_qa huggingface dataset:
CA Pub Util Code § 29142 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 7 - Taxation|ARTICLE 2 - Retail Transactions and Use Tax|Section 29142.

29142.  (a) Revenues derived from the transactions and use taxes, not to exceed an aggregate principal amount of one hundred fifty million dollars ($150,000,000), plus the costs payable by the district to the State Board of Equalization for preparatory costs and for its services in connection with such taxes and plus the costs of issuance of, and interest payments on, bonds or notes secured by such revenues, shall be used for the planning, acquiring, and constructing of the district’s approximately 75-mile system, including the San Francisco-Oakland Rapid Transit Tube and any and all works, structures, property, rolling stock, or other facilities of any kind which the district is authorized to acquire, construct, or complete.(b) Revenues in excess of the amount specified in subdivision (a) shall be used for purposes specified in Section 29142.2, operational purposes, the liquidation of operational deficits, and the payment of principal and interest on negotiable bonds issued pursuant to subdivision (c).(c) To finance the operation of its rapid transit system during the 1974–75 fiscal year, the district may issue negotiable bonds in an amount not to exceed sixteen million dollars ($16,000,000) in anticipation of the revenues specified in subdivision (b). However, upon a determination by the board that the issuance of sixteen million dollars ($16,000,000) in negotiable bonds, together with other funds available to the district, provide insufficient funds for the operation of the district during the 1975–76 fiscal year, the district may issue additional negotiable bonds in an amount not exceeding eight million dollars ($8,000,000). The district may also issue additional negotiable bonds in an amount not exceeding one million three hundred thousand dollars ($1,300,000) if the board determines that otherwise insufficient funds are available to the district for its operation during the 1976–77 fiscal year. The district shall pay the principal and interest on such bonds only from such revenues. Interest on such bonds may be funded, and paid from the proceeds of such bonds, for period of not to exceed two years from the date of such bonds. The board, by resolution shall determine the form, denomination, maturities, interest rates, and all other terms and conditions relative to the issuance of such negotiable bonds.(Amended by Stats. 1977, Ch. 1204.)
CA Pub Util Code § 29142.2 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 7 - Taxation|ARTICLE 2 - Retail Transactions and Use Tax|Section 29142.2.

29142.2.  Notwithstanding Section 7271 of the Revenue and Taxation Code, after deduction for the cost of the State Board of Equalization in administering the transactions and use tax, the amounts collected under the ordinance adopted pursuant to Section 29140 and available for distribution shall be allocated as follows:(a) Seventy-five percent to the San Francisco Bay Area Rapid Transit District. (b) Twenty-five percent shall be allocated by the Metropolitan Transportation Commission to the San Francisco Bay Area Rapid Transit District, the City and County of San Francisco for its municipal railway system, and the Alameda-Contra Costa Transit District for transit services on the basis of regional priorities established by the commission. The allocations by the commission to these transit operators for transit services shall be in accordance with the criteria in the financial management plan which is to be developed and annually revised by the commission in coordination with the Alameda-Contra Costa Transit District, the San Francisco Bay Area Rapid Transit District, and the City and County of San Francisco.(Amended by Stats. 1984, Ch. 115, Sec. 1. Effective May 10, 1984.)
CA Pub Util Code § 29142.4 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 7 - Taxation|ARTICLE 2 - Retail Transactions and Use Tax|Section 29142.4.

29142.4.  No funds shall be allocated to an entity pursuant to Section 29142.2, after January 1, 1978, unless, as determined by the Metropolitan Transportation Commission, the transit operator:(a) Is a participating member of a regional transit coordinating council which the commission shall establish to better coordinate routes, schedules, fares, and transfers among the San Francisco Bay area transit operators and to explore potential advantages of joint ventures in areas such as marketing, maintenance, and purchasing. The commission shall be a member of the council.(b) Establishes, for the period for which the funds are allocated, fare levels such that fare revenues equal at least 33 percent of its operating cost, which shall be all of its costs in the expense object classes, exclusive of the costs of the depreciation and amortization expense object classes, of the uniform system of accounts and records adopted by the State Controller pursuant to Section 99243. The allocation period shall not be less than one calendar quarter nor longer than one fiscal year, as determined by the commission. For purposes of this subdivision, the two special transit service districts of the Alameda-Contra Costa Transit District shall be considered separate transit districts. On and after July 1, 1981, the commission may grant, any operator which was in compliance with the 33 percent requirement prior to that date, a credit not to exceed 5 percent to meet that requirement on the basis of special operating characteristics of its transit system, including, but not limited to, its transfer and special fare policies. In no event shall the combined fare revenues of the three operators, excluding any credit granted by the commission, be less than 33 percent of their combined operating cost.(c) Has complied with standards established by the commission pursuant to Section 66517.5 of the Government Code.(Amended by Stats. 1996, Ch. 256, Sec. 3. Effective January 1, 1997.)
CA Pub Util Code § 29142.5 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 7 - Taxation|ARTICLE 2 - Retail Transactions and Use Tax|Section 29142.5.

29142.5.  On and after July 1, 1984, for purposes of meeting the requirement of subdivision (b) of Section 29142.4, the Metropolitan Transportation Commission may consider, as fare revenues, that portion of the local support of an operator for its transit system which exceeds its base level of operating support as determined by the commission, if the commission finds that this consideration will enable the operator to maintain or improve vital transit within a coordinated fare structure.(Repealed and added by Stats. 1984, Ch. 115, Sec. 3. Effective May 10, 1984.)
CA Pub Util Code § 29142.6 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 7 - Taxation|ARTICLE 2 - Retail Transactions and Use Tax|Section 29142.6.

29142.6.  Upon determination by the Metropolitan Transportation Commission that an operator has met the conditions specified in Section 29142.4, the commission shall notify the State Board of Equalization of the percentage of the transaction and use taxes to be allocated to the operator. Upon such notification, the State Board of Equalization shall transmit to the operator, as promptly as feasible, its share of the transaction and use taxes.(Added by Stats. 1977, Ch. 1204.)
CA Pub Util Code § 29142.8 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 7 - Taxation|ARTICLE 2 - Retail Transactions and Use Tax|Section 29142.8.

29142.8.  (a) Any portion of the transactions and use tax revenues available for allocation and not allocated by the Metropolitan Transportation Commission shall be invested through the Surplus Money Investment Fund. The amount invested and the accrued interest therefrom shall be available for allocation by the commission.(b) Any funds which accumulated during a period an operator is not in compliance with Section 29142.4 may be allocated to any operator in compliance with that section at the time of allocation.(Amended by Stats. 1979, Ch. 264.)
CA Pub Util Code § 29143 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 7 - Taxation|ARTICLE 2 - Retail Transactions and Use Tax|Section 29143.

29143.  (a) The district is hereby authorized to issue revenue bonds, payable, in whole or in part, from revenues made available under this article. Those revenues are deemed to be revenues of the enterprise for all purposes of the Revenue Bond Law of 1941 (Chapter 6 (commencing with Section 54300) of Part 1 of Division 2 of Title 5 of the Government Code), and the restrictions therein provided against the securing of bonds by the taxing power or the proceeds of taxation do not apply. The district is deemed a “local agency” and the planning, acquiring, constructing, operating or maintaining of the district’s rapid transit facilities, or any part thereof, is deemed an “enterprise,” within the meaning of the Revenue Bond Law of 1941. The provisions of that law not inconsistent with any of the provisions of this article are made applicable to the district, except that no election shall be required for the issuance of revenue bonds authorized by the board pursuant to this article and secured, in whole or in part, by the revenues made available under this article. Notwithstanding any provision of the Revenue Bond Law of 1941, the resolution or indenture authorizing the issuance of any revenue bonds secured, in whole or in part, by those revenues shall provide that the use of the revenues by the district to redeem bonds shall be continued in effect until the bonds are fully paid or provision has been made for their payment in full.(b) Notwithstanding Section 54388 of the Government Code or any other law, the revenue bonds authorized by this article may be sold through negotiated sale conducted in accordance with Section 53591 of the Government Code.(c) The district may borrow money in anticipation of the revenues made available under this article and may, from time to time, issue negotiable notes for that purpose.(d) In addition to pledging revenues for the payment of any revenue bonds, the district may pledge for the payment of the bonds all other income or receipts of the district which are not required by law to be used for other purposes.(Amended by Stats. 1990, Ch. 1147, Sec. 1.)
CA Pub Util Code § 29150 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 8 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization of General Obligation Bonds|Section 29150.

29150.  The district may borrow money, incur a bonded indebtedness in respect thereto, and levy taxes for the payment of principal and interest thereon, in the manner provided in Chapter 7 of this part, but no such bonded debt shall exceed fifteen (15) percent of the assessed valuation of taxable property within the district.(Added by Stats. 1957, Ch. 1056.)
CA Pub Util Code § 29151 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 8 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization of General Obligation Bonds|Section 29151.

29151.  Before submitting a proposal to incur any bonded indebtedness, the district shall employ such engineers, economists, fiscal experts and others as is necessary to develop general plans, estimates and general specifications pertaining to the projects for which the bond issue is proposed, sufficient in the opinion of the board to enable the board to determine the feasibility of such projects, provided that no such reports or the approval thereof specified in Section 29156 of this code shall be applicable to any proposal for the issuance of additional bonds to complete the project referred to in the original reports.(Amended by Stats. 1967, Ch. 1518.)
CA Pub Util Code § 29152 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 8 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization of General Obligation Bonds|Section 29152.

29152.  Such engineers, economists, fiscal experts and others shall make reports to the district, which shall include:(a) A general description of the facilities to be acquired or constructed from the proceeds of the proposed bond issue.(b) The estimated total cost of constructing or acquiring, or both, such facilities.(c) The estimated period of construction of such facilities.(d) An estimate of the revenues which may be expected to be derived therefrom. (e) The amount of bonds which will be required to pay the estimated total cost of constructing or acquiring such facilities. If the district determines to make interest payments out of bond proceeds, the estimate may include a sum sufficient to pay interest on the bonds during the estimated period of construction and for three years, or less, thereafter.(f) An estimate of the taxes required to be levied for all district purposes, the sources from which such taxes shall be obtained, and the proportion or amount to be derived from each source.(Amended by Stats. 1961, Ch. 1967.)
CA Pub Util Code § 29153 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 8 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization of General Obligation Bonds|Section 29153.

29153.  After receiving such reports, the board shall determine and declare by resolution whether or not the proposed plan of work is feasible and whether or not the project, as set forth in said reports, is necessary, and if so, shall make an order determining the amount of bonds that should be issued in order to raise the amount of money necessary therefor, and in determining such amount, sufficient shall be included to cover the cost of inspection of works in course of construction. Such determination by the board shall constitute a conclusive determination that the reports then on file with the board are adequate and sufficient to enable the board to make the determination as set forth in such resolution.(Added by Stats. 1957, Ch. 1056.)
CA Pub Util Code § 29154 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 8 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization of General Obligation Bonds|Section 29154.

29154.  After adoption by the board of the reports made pursuant to Section 29152 the board shall refer such reports to the boards of supervisors of the counties comprising the district for their approval.(Added by Stats. 1957, Ch. 1056.)
CA Pub Util Code § 29155 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 8 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization of General Obligation Bonds|Section 29155.

29155.  After receiving the reports, each board of supervisors shall fix a time and place for a public hearing to consider the reports. The time fixed for the hearing shall not be less than 30 days nor more than 60 days from the date the reports were received from the board.(Amended by Stats. 1984, Ch. 144, Sec. 177.)
CA Pub Util Code § 29156 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 8 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization of General Obligation Bonds|Section 29156.

29156.  Within 15 days from the date of the public hearing held pursuant to Section 29155, each board of supervisors shall, by a resolution adopted by a majority vote of the board of supervisors, determine whether it approves the reports and shall file an executed copy of the resolution with the secretary of the district.(Amended by Stats. 1984, Ch. 144, Sec. 178.)
CA Pub Util Code § 29157 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 8 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization of General Obligation Bonds|Section 29157.

29157.  If a majority of any board of supervisors does not approve the reports, the district may make additional studies and changes and may refer the amended reports to the board of supervisors of the counties comprising the district in order to obtain unanimous approval from the counties comprising the district. If no agreement is reached within a period of six months following the date the original reports were received from the board, any county not approving the reports may withdraw from the district under Chapter 10 (commencing with Section 29650), notwithstanding that, after that county’s disapproval, the reports are withdrawn by the district. Failure of a county to withdraw from the district, within 30 days following the six-month period, has the same effect as approval by the board of supervisors of the county of the reports as last amended, unless the reports have been previously withdrawn by the district.(Amended by Stats. 1984, Ch. 144, Sec. 179.)
CA Pub Util Code § 29157.1 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 8 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization of General Obligation Bonds|Section 29157.1.

29157.1.  Whenever it appears to the board that bonded indebtedness heretofore authorized pursuant to the provisions of this article is insufficient to cover all costs of the acquisition and construction of facilities, the board shall make an order determining the amount of bonds that should be issued in order to raise the additional funds necessary for the completion of such facilities. The provisions of Sections 29154, 29155, 29156 and 29157 of this code shall not be applicable to any election to authorize the issuance of additional bonds, after the district shall have issued all or any part of its first authorized issue of bonds.(Added by Stats. 1967, Ch. 1518.)
CA Pub Util Code § 29158 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 8 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization of General Obligation Bonds|Section 29158.

29158.  When the district has received unanimous approval from the boards of supervisors of the counties comprising the district pursuant to Section 29156 of this code, or when the board has made its order pursuant to Section 29157.1 of this code, the board shall call a special election and submit to the qualified voters of the district the proposition of incurring such bonded indebtedness for the acquisition, construction or completion of rapid transit facilities by the district and all other works, property, or structures necessary or convenient therefor and for the purpose of carrying out the provisions of this part.(Amended by Stats. 1967, Ch. 1518.)
CA Pub Util Code § 29159 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 8 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization of General Obligation Bonds|Section 29159.

29159.  The resolution calling the special election shall contain:(a) A statement of the general object and purpose of incurring the indebtedness.(b) Statement of the estimated cost of the proposed work and improvements.(c) The amount of the principal of the indebtedness to be incurred therefor. (d) The maximum term, which shall not exceed fifty (50) years, that the bonds proposed to be issued shall run before maturity.(e) The maximum rate of interest to be paid on said indebtedness, which shall not exceed six (6) percent per annum.(f) A statement declaring whether interest, to be paid upon such bonds during the estimated period of construction of the works of the district and for three years thereafter, or less, shall be a capital charge, and shall be payable out of the principal sum realized from the sale of bonds, and, if so, to what extent. (g) An estimate of the taxes required to be levied for all district purposes, the sources from which such taxes shall be obtained, and the proportion or amount to be derived from each source.(h) The date on which the special bond election will be held, the hours during the day which the polls will be open, and the manner of voting for and against the incurring of such indebtedness; provided, however, the district shall have no power or authority, within six (6) months after an election at which a proposition submitted to the qualified electors of the district failed to receive the requisite number of votes as provided in Section 29168, to call or order another election for incurring any indebtedness for purposes substantially the same as voted upon at such prior election. If the special bond election is consolidated with any other election, the hours during which the polls shall be kept open in each county shall be the same as those provided for the election with which the election called pursuant to this part is consolidated and reference to that effect in the resolution shall be sufficient without specifying the particular hours.(Amended by Stats. 1961, Ch. 1967.)
CA Pub Util Code § 29160 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT|CHAPTER 8 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization of General Obligation Bonds|Section 29160.

29160.  The provisions of Section 37.5 of Chapter 1239 of the Statutes of 1949, the San Francisco Bay Area Metropolitan Rapid Transit District Act, relating to the repayment of appropriations made to the San Francisco Bay Area Rapid Transit Commission from the proceeds of the first sale of bonds issued by the district created by that act, shall apply to and be binding upon the San Francisco Bay Area Rapid Transit District.(Added by Stats. 1957, Ch. 1056.)