The commission may charge reasonable application and project fees to reimburse the commission for costs incurred in administering applications for financing pursuant to this title.
California Passenger Rail Financing Commission ActProjects
Section § 92150
This law allows the commission to charge reasonable fees for applications and projects to cover the costs they incur while managing these financing applications.
commission fees application fees project fees
Section § 92151
This law allows a commission to decide which projects will get funding, help with financing for building or renovating projects, manage leasing agreements, oversee the projects, and sell rapid rail transit facilities.
The commission may determine the projects to be financed under this title; lend financial assistance to any participating party to construct, reconstruct, renovate, replace, lease, as lessor or lessee, and regulate a project; and enter into contracts for the sale of any rapid rail transit facilities.
projects financing financial assistance participating party
Section § 92152
This law allows the commission to issue various financial instruments like bonds and notes to raise money for its projects or to refinance existing debts.
The commission may issue bonds, notes, bond anticipation notes (including commercial paper), and other obligations of the commission for any of its corporate purposes, and to fund or refund them, pursuant to this title.
bonds issuance financial instruments corporate purposes
Section § 92153
This section explains the powers of a commission regarding project facilities. The commission can set and adjust fees for using these facilities. They can collect payments for using the facilities or services provided. The commission is also allowed to make agreements with various entities concerning a project. Lastly, they can determine how project facilities can be sold or disposed of, including through installment sales.
The commission may do all of the following:
(a)CA Government Code § 92153(a) Fix fees and charges for project facilities and revise, from time to time, those fees and charges.
(b)CA Government Code § 92153(b) Collect rates, rents, fees, and charges for the use of and for any facilities or service furnished, or to be furnished, by a project or any part thereof.
(c)CA Government Code § 92153(c) Contract with any person, partnership, association, corporation, or public agency with respect to a project.
(d)CA Government Code § 92153(d) Fix the terms and conditions upon which any project facilities may be sold or disposed of, whether by installment sales contracts or otherwise.
commission powers project facilities set fees
Section § 92154
This section allows a commission to hire engineers, architects, accountants, or other experts to help with a project, but only if the commission believes these services are crucial for the project's success and cannot be found through public agencies. They can cover the reasonable costs of these hires.
The commission may contract for engineering, architectural, accounting, or other services of appropriate agencies as may be necessary, in its judgment, for the successful development of any project and pay the reasonable costs of consulting engineers, architects, accountants, and construction experts employed by any participating party if, in its judgment, those services are necessary to the successful development of any project and are not obtainable from any public agency.
commission contracting engineering services architectural services
