66540.41. The authority shall prepare and implement annual operating budgets for the operation of the San Francisco Bay Area water transportation services system, associated terminals, and related feeder transportation and support services. (Added by Stats. 2007, Ch. 734, Sec. 2. Effective January 1, 2008.)
66540.42. The authority shall set fares for travel on the water transportation services system that it operates, and define and set other fares and fees for services related to the water transportation system. (Repealed and added by Stats. 2007, Ch. 734, Sec. 2. Effective January 1, 2008.)
66540.43. (a) The authority may issue bonds, from time to time, payable from revenue of any facility or enterprise operated, acquired, or constructed by the authority, for any of the purposes authorized by this title in accordance with the Revenue Bond Law of 1941 (Chapter 6 (commencing with Section 54300) of Part 1 of Division 2 […]
66540.44. The authority may levy special benefit assessments consistent with the requirements of Article XIII D of the California Constitution for operating expenses and to finance capital improvements, including, but not limited to, special benefit assessments levied pursuant to any of the following: (a) The Improvement Act of 1911 (Division 7 (commencing with Section 5000) of the […]
66540.45. The authority may borrow money in accordance with Article 7 (commencing with Section 53820) of, Article 7.6 (commencing with Section 53850) of, or Article 7.7 (commencing with Section 53859) of, Chapter 4 of Part 1 of Division 2 of Title 5. (Added by Stats. 2007, Ch. 734, Sec. 2. Effective January 1, 2008.)
66540.46. (a) The authority may borrow money in anticipation of the sale of any bonds that have been authorized to be issued, but have not been sold and delivered, and may issue negotiable bond anticipation notes therefor, and may renew the bond anticipation notes from time to time, but the maximum maturity of any bond anticipation […]
66540.47. The authority may bring an action to determine the validity of any of its bonds, equipment trust certificates, warrants, notes, or other evidences of indebtedness or any of its revenues, rates, or charges pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure. (Added […]
66540.48. (a) Notwithstanding any other provisions of this title or any other law, the provisions of all ordinances, resolutions, and other proceedings in the issuance by the authority of any bonds, bonds with a pledge of revenues, bonds for improvement districts, revenue bonds, equipment trust certificates, notes, or any and all evidences of indebtedness or liability […]
66540.49. The authority may apply for and receive grants from any and all state and federal agencies. (Added by Stats. 2007, Ch. 734, Sec. 2. Effective January 1, 2008.)
66540.50. The authority may deposit or invest any moneys of the authority in banks or financial institutions in the state in accordance with state law. (Repealed and added by Stats. 2007, Ch. 734, Sec. 2. Effective January 1, 2008.)
66540.51. The authority may insure against any accident to or destruction of the public transportation ferry system or any part thereof. (Added by Stats. 2007, Ch. 734, Sec. 2. Effective January 1, 2008.)
66540.52. The authority may insure against loss of revenues from any cause whatsoever. (Repealed and added by Stats. 2007, Ch. 734, Sec. 2. Effective January 1, 2008.)
66540.53. The authority may insure against public liability or property damage, or both. It may provide in the proceedings authorizing the issuance of any bonds for the carrying of such or any other insurance, in such amount and of such character as may be specified, and for the payment of the premiums thereon. (Added by […]
66540.54. (a) The authority shall maintain accounting records and shall report accounting transactions in accordance with generally accepted accounting principles as adopted by the Governmental Accounting Standards Board (GASB) of the Financial Accounting Foundation for both public reporting purposes and for reporting of activities to the Controller. (b) The authority shall contract with an independent certified public […]
