The commission may carry insurance in such amount as it deems proper to cover any accident or destruction, in part or in whole, to any toll bridge or other highway crossing, transportation facilities, or additional transportation facilities until all bonds sold for the acquisition or construction of the toll bridge or other highway crossing, transportation facilities, or additional transportation facilities and interest accrued thereon have been fully redeemed and paid.
Cal. Sts. & High. Code § 30451
Insurance of Property
Known as the California Toll Bridge Authority Act
The act spans §§ 30000–30506 (83 sections).
Amended by Stats. 1980, Ch. 777, Sec. 198.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.