SECTIONS 67600-67606 - California Statutes

GOVERNMENT CODE

SECTION 67600-67606

67600. After the transbay transit terminal has been transferred to
the authority, it may thereafter proceed with construction of the
regional transit terminal. It may also thereafter enlarge or extend
the regional transit terminal if such enlargement or extension is, in
its judgment, necessary or convenient for the development of
transportation service in the San Francisco Bay area. Such terminal
or enlargement or extension thereof shall be constructed in such a
manner that it conforms to building codes of the City and County of
San Francisco.

67601. The authority has full charge of the acquisition,
construction, and completion of the regional transit terminal or any
part thereof authorized by it. The authority may construct the
regional transit terminal or any part thereof and acquire all
property necessary therefor on such terms and conditions as it deems
advisable or may contract with a developer for such work. The
authority, without awarding a contract for the construction of the
regional transit terminal or any part thereof, may do the work
directly and may purchase the materials, hire labor, and do all other
things necessary for the doing of the work. When any part of the
work is to be done or performed by any department or agency of the
United States of America or the State of California or any city,
county, district or other public corporation, jointly or in
connection with the authority, the portion of the cost thereof to be
borne by the authority may be turned over to the department, or
agency, or political subdivision or public corporation to be expended
by it in the acquisition, construction, or completion of the
regional transit terminal or any part thereof.

67602. Title to all property acquired by the authority and the
revenues and income therefrom, is in the name of the authority. The
title to any moneys, revenues, sinking funds, reserve funds and other
funds of the authority and the income thereof pledged to the payment
of the principal or any interest on any bonds issued hereunder is
subject to the trusts hereby created in favor of the bondholders. The
management, operation and control of the regional transit terminal
and of every part thereof acquired, constructed or completed by the
authority shall be vested in the authority; provided, however, that
any indenture may contain provisions with respect to the exercise
thereof.

67603. The authority may use for the payment of the cost of
acquisition, construction, completion, additions, betterments,
extensions and repairs of the regional transit terminal or any part
thereof any funds made available to the authority to be expended for
the accomplishing of the purposes set forth in this title or the
proceeds of bonds issued and sold by the authority, subject to the
provisions of any applicable indenture.

67604. The authority may insure against any accident to or
destruction of the regional transit terminal or any part thereof. Any
money collected on such insurance shall be used for the purpose of
repairing or rebuilding the facility or any part thereof damaged,
injured or destroyed, or for the retirement of any bonds issued by
the authority as may be set forth in the indenture authorizing the
issuance of the bonds.

67605. The authority may insure against loss of revenues from any
cause whatsoever and the proceeds of any such insurance shall be used
as provided in the indenture securing any then outstanding bonds of
the authority.

67606. The authority may insure against public liability or
property damage. It may provide in the proceedings authorizing the
issuance of any revenue 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.