The money in the fund, upon appropriation by the Legislature, shall be available, without regard to fiscal years, for acquisition of rights-of-way, capital expenditures, and acquisition of rolling stock for intercity rail, commuter rail, and urban rail transit and for capital improvements which directly support rail transportation, including exclusive busways which are converted within 10 years after completion of construction into rail lines, grade separations to enhance rail passenger service, and multimodal terminals.
Cal. Sts. & High. Code § 2701.06
Transportation Improvement Program
Known as the Passenger Rail and Clean Air Bond Act
The act spans §§ 2701–2701 (22 sections).
Added by Stats. 1989, Ch. 108, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.