California Streets and Highways Code 27281 – The general manager shall furnish the board with an estimate of the …
The general manager shall furnish the board with an estimate of the tolls necessary to pay the obligations of the district. The board shall, upon the recommendation of the general manager, or such modifications thereof as it may adopt, fix such tolls as will:
(a) First, pay the operating expenses of the district.
Terms Used In California Streets and Highways Code 27281
- board: means the board of directors of the district unless the context clearly indicates otherwise. See California Streets and Highways Code 27002
- district: means a bridge and highway district unless the context clearly indicates otherwise. See California Streets and Highways Code 27001
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Lien: A claim against real or personal property in satisfaction of a debt.
- maintenance: includes any of the following:
California Streets and Highways Code 27
- tolls: include tolls, charges, rentals, rates, traffic charges, and other income and revenue actually received or receivable by, or for the account of, the district for the use and operation of equipment, rolling stocks, ferries, properties, and facilities for travel that are constructed, owned, operated, or maintained by the district. See California Streets and Highways Code 27004
(b) Second, provide for repairs and maintenance of works owned or operated by the district, including any payments to be made into a replacement fund for buses and ferries.
(c) Third, provide for the purchase, lease, or other acquisition of district equipment, supplies, and other properties, including provision for interest, sinking funds, reserve funds, or other funds required for the payment of any obligations incurred by the district for the acquisition of such properties.
(d) Fourth, pay any indebtedness or lien that may exist against the district or any of its property or revenues.
(Amended by Stats. 1972, Ch. 1381.)