SECTIONS 92200-92203 - California Statutes

GOVERNMENT CODE

SECTION 92200-92203

92200. All expenses incurred in carrying out the provisions of this
title shall be payable solely from funds provided under the
authority of this title, and no liability or obligation shall be
imposed upon the State of California.
Except as provided in Section 92270, no expenses shall be incurred
by the commission in excess of the amount of money which has been
provided under this title.
Under no circumstances shall the commission create any debt,
liability, or obligation on the part of the State of California
payable from any source whatsoever other than from the money provided
under this title.

92201. (a) The commission is authorized to acquire by deed,
purchase, lease, contract, gift, devise, or otherwise, any real or
personal property, structures, rights, rights-of-way, franchises,
easements, and other interests in lands located within this state
necessary or convenient for the construction or operation of a
project, upon terms and conditions it deems advisable, and to lease,
sell, or dispose of the property or interest therein in the manner
that may be necessary or desirable to carry out the objects and
purposes of this title.
(b) Nothing in this division shall authorize the commission to
exercise the power of eminent domain.

92202. When the principal of, and interest on, bonds of the
commission issued to finance the cost of a particular project for a
participating party, including any refunding bonds issued to refund
and refinance the bonds, have been fully paid and retired or when
adequate provision has been made for the payment and retirement of
the bonds, and all other conditions of the resolution, indenture, or
agreement authorizing and securing the bonds have been released in
accordance with the provision thereof, the commission, upon terms and
conditions that may be prescribed by the commission, execute deeds
and conveyances that are necessary or required to convey title to the
project to the participating party.

92203. (a) No project, or portion thereof, is eligible for
financing under this title for which, at the time an application is
submitted to the commission, financing has been otherwise obtained.
(b) No project is eligible for financing under this title unless
it is intended to reduce traffic congestion on freeways, streets, and
highways, is intended to improve the quality of rail transportation
within the area to be served by the project, and is otherwise in
accord with the purposes and requirements of this title.