31230-31235

STREETS AND HIGHWAYS CODE
SECTION 31230-31235




31230.  Any city, county, district, or political subdivision of the
state upon the request of the authority may advance or contribute
money, rights-of-way, labor, materials, and other property toward the
expense of building, acquiring, and maintaining the toll tunnel, and
for preliminary surveys and the preparation of plans and estimates
of cost thereof and other preliminary expenses. Appropriations for
such purposes may be made from any funds available, including highway
funds received from the state.



31231.  Any city, county, district, or political subdivision of the
state may issue general obligation bonds for any of the purposes
enumerated in this article. All proceedings for the authorization,
issue, and sale of such bonds shall be had under the law governing
the issue and sale of bonds for public improvements by the particular
political subdivision or public corporation.



31232.  Money or property advanced or contributed pursuant to this
article may be immediately transferred or delivered to the authority
to be used for the purpose for which such advance or contribution was
made.


31233.  The authority may enter into a binding agreement with any
city, county, district, or political subdivision of the state to
repay any money or the value of any rights-of-way, labor, materials,
or other property advanced or contributed toward the expense of
acquiring or constructing the toll tunnel, but no repayment therefor
shall be made until all obligations issued by the authority for the
construction of such toll tunnel have been fully redeemed and paid,
and then only out of the tolls and revenues received from the
operation of the toll tunnel.



31234.  The collection of tolls shall be continued on the toll
tunnel until all bonds issued pursuant to this chapter for its
construction are fully redeemed and paid.



31235.  After all bonds issued pursuant to this chapter for the
construction of the toll tunnel have been fully redeemed and paid,
the authority may continue to collect tolls and other revenues for
the use of such toll tunnel for the purpose of reimbursing the state
for any expenditures which have been made by it in connection with
the toll tunnel and for the purpose of repayment to any city, county,
district, or political subdivision of the state of any amount the
authority has agreed to repay for money, rights-of-way, labor,
materials, or other property advanced or contributed for the
acquisition or construction of the toll tunnel.