SECTIONS 240000-240004 - California Statutes

PUBLIC UTILITIES CODE

SECTION 240000-240004

240000. The division shall be known and may be cited as the
Riverside County Transportation Sales Tax Act.

240001. The Legislature hereby finds and declares all of the
following:
(a) Recognizing the scarcity of resources available for all
transportation development, alternative methods of financing provided
in this division are needed to finance the cost of constructing,
developing, acquiring, and maintaining and providing highways,
streets, roads, and public transportation services in the County of
Riverside and these methods will increase economic opportunities,
contribute to economic development, be in the public interest and
serve a public purpose, and promote the health, safety, and welfare
of the citizens within the County of Riverside.
(b) It is the intent of the Legislature, in enacting this
division, that the County of Riverside continue to receive its
equitable share of funds under the state transportation improvement
program and that incentives be provided to reward rather than to
penalize counties that adopt local sales tax measures.
(c) It is in the public interest to allow the voters of Riverside
County to adopt a specific revenue source and to authorize new duties
for the Riverside County Transportation Commission so that local
decisions can be implemented in a timely manner to provide
improvements to the transportation system.

240002. "Bonds" means indebtedness and securities of any kind or
class, including bonds, notes, bond anticipation notes, and
commercial paper.

240003. "Commission" means the Riverside County Transportation
Commission created pursuant to Section 130054.

240004. "County" means the County of Riverside.