When the terms defined in this chapter are used in this title, they have the meanings ascribed to them in this chapter unless the context otherwise requires.
San Francisco Bay Area Transportation Terminal AuthorityDefinitions
Section § 67502
This section says that the definitions provided in a specific chapter apply whenever those terms are used in this title, unless it's clear that the context calls for a different meaning.
terms defined context requires meanings ascribed
Section § 67503
This section defines the term “Authority” as referring specifically to the San Francisco Bay Area Transportation Terminal Authority, which is established by this legal title.
“Authority” means the San Francisco Bay Area Transportation Terminal Authority created by this title.
San Francisco Bay Area Transportation Terminal Authority definition
Section § 67504
This section explains that 'bonds' are written obligations issued by a commission to raise funds, payable from specific revenues. Bonds can come in various forms like notes or certificates. Importantly, if money is set aside in a special fund to fully pay off these bonds and their interest, they are not considered outstanding anymore under certain conditions specified in an issuance agreement.
“Bonds” means the written evidence of any obligation incurred by the commission payable out of revenues as provided in Chapter 3 (commencing with Section 67520) in order to secure funds with which to carry out the purposes of this chapter, irrespective of the form of such obligation whether in the form of bonds, notes, debentures, interest-bearing certificates, or other forms prescribed by the commission. Bonds shall not be deemed outstanding within the meaning of this section or other sections of Chapter 3 if moneys sufficient to pay the same, and all interest thereon, have been set aside irrevocably in a special or trust fund for that purpose and the indenture under which such bonds were issued provides that such bonds shall not be deemed to be outstanding in such event.
bonds written obligations revenue-secured
Section § 67505
This law section explains that a 'bondholder' is anyone who owns a bond, whether it's registered in their name or not. It includes anyone physically holding a bond when it's meant for the bearer or a person whose name is officially registered on the bond if it's registered under a specific name.
“Bondholder” or “holder of bonds” or any similar term means any person who shall be the bearer of any outstanding bond registered to bearer or not registered, or the registered owner of any outstanding bond which shall at the time be registered other than to bearer.
bondholder definition registered bond bearer bond
Section § 67506
This section defines the 'Transbay transit terminal' as the bus terminal managed by the commission at the intersection of First and Mission Streets in San Francisco.
“Transbay transit terminal” means the existing bus terminal under the jurisdiction of the commission located at First and Mission Streets in the City and County of San Francisco.
Transbay transit terminal bus terminal First and Mission Streets
Section § 67507
The term "Regional transit terminal" refers to the main transportation hub that's being planned and built according to this law. It includes the hub itself and any related structures or facilities developed alongside it.
“Regional transit terminal” means the terminal to be developed and constructed under the provisions of this title, including any and all related facilities developed and constructed in conjunction therewith.
regional transit terminal transportation hub related facilities
Section § 67508
This law defines "revenues" as all money received or expected from running a regional transit terminal. This includes money from transit activities like ticket sales or rentals, interest earned on funds, profits from selling securities, and any income from properties managed by the transit commission.
“Revenues” means all rates, rentals, fees, charges, or other income or revenue actually received or receivable from the operation of the regional transit terminal, including, without limiting the generality of the foregoing, interest allowed on any moneys or securities and any profits derived from the sale of any securities and any consideration in any way derived from any properties owned, operated, or at any time maintained by the commission or in connection with the operation of the regional transit terminal.
regional transit terminal revenues rates
Section § 67509
The term 'Indenture' refers to any written document, such as a resolution or agreement, that authorizes the commission to issue bonds.
“Indenture” means any resolution, agreement, or other document in writing under which bonds of the commission are authorized to be issued.
indenture commission bonds bond issuance
Section § 67510
This law defines what is considered a "public corporation" in California. It includes counties, cities, towns, municipal corporations, districts, authorities, redevelopment agencies, and political subdivisions.
“Public corporation” means any county, city and county, city, town, municipal corporation, district of any kind or class, authority, redevelopment agency or political subdivision of this state.
public corporation definition county city
