This title, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect the purposes hereof.
California Passenger Rail Financing Commission ActSupplemental Provisions
Section § 92350
This section emphasizes that the law should be interpreted in a broad and flexible way to make sure it serves the interests and well-being of California and its people effectively.
liberally construed interpretation welfare of the state
Section § 92351
This law provides a separate and additional way to do things related to rapid rail transit projects. It means that issuing bonds or handling projects under this law doesn’t have to follow the rules of other bond or public works laws. Specifically, this law allows for the building, repair, or upgrading of rapid rail transit systems and issuing bonds for these purposes without following other laws that might normally apply.
This title shall be deemed to provide a complete, additional, and alternative method for the doing of the things authorized thereby, and shall be regarded as supplemental and additional to powers conferred by other laws.
The issuance of bonds and refunding bonds under this title need not comply with the requirements of any other law applicable to the issuance of bonds, and, in the construction and acquisition of a project pursuant to this title, the commission need not comply with the requirements of any other law applicable to the construction or acquisition of public works except as specifically provided in this title.
Rapid rail transit system facilities and projects, as defined in Section 92015, may be acquired, constructed, completed, repaired, altered, improved, or extended, and bonds may be issued for any of those purposes under this title, notwithstanding that any other law may provide for such acquisition, construction, completion, repair, alteration, improvement, or extension of similar facilities or for the issuance of bonds for similar purposes and without regard to the requirements, restrictions, limitations, or other provisions contained in any other law.
rapid rail transit bonds issuance refunding bonds
Section § 92352
This section assures holders of obligations and parties entering into contracts with a California state commission that their rights will not be changed until their agreements are completed. Essentially, it promises that the state won't interfere with their rights unless a law is passed to protect these parties' interests. The commission can include this promise in their legal documents and agreements.
The State of California does hereby pledge to, and agree with, the holders of any obligations issued under this title, and with those parties who may enter into contracts with the commission pursuant to this title, that the state will not limit or alter the rights hereby vested in the commission until the obligations, together with the interest thereon, are fully met and discharged and the contracts are fully performed on the part of the commission. However, nothing in this section precludes such limitation or alteration if and when adequate provision has been made by law for the protection of the holders of obligations of the commission or those entering into contracts with the commission.
The commission, as agent for the state, may include this pledge and undertaking for the state in its obligations and contracts.
obligations state pledge contract holders
Section § 92353
This law states that when it comes to financing rapid rail systems, this specific set of rules takes priority over any other general laws or special acts that might conflict with it.
To the extent that the provisions of this title, with respect to the financing of rapid rail systems, are inconsistent with the provisions of any general statute or special act or parts thereof, with respect to the financing of rapid rail transit facilities, the provisions of this title shall be deemed controlling.
rapid rail systems financing priority transportation funding
Section § 92354
This law requires any railroad company that wants to build or change a rapid rail system in California to pay back a state agency for any costs involved in handling the application or necessary approvals. These costs include the work of the agency's staff, hiring consultants, and any other advisory services the agency might need to process the application.
Any state agency whose support is provided for in the Budget Act shall require any railroad corporation proposing to construct or modify a rapid rail transit system or project, as defined in Section 92015, to reimburse the agency for its costs for processing any application or approval related to the system or project. The corporation shall reimburse the agency for all costs directly related to any application or approval including, but not limited to, costs of agency staff, consultants, and any advisory services which the agency deems necessary.
railroad corporation reimburse costs rapid rail transit system
