This law aims to ensure that county transportation authorities in California use additional funds to enhance existing local public transportation funding without replacing past property tax funding. Specifically, the funds should add to what’s already being spent on public transportation as outlined in a county transportation expenditure plan.

The law specifies that tax revenue collected under this chapter should generally be used within the county where it's raised unless the approved plan allows spending elsewhere. Tax money can also be swapped for other funds if it benefits the county where it was originally collected.

Additionally, for the San Francisco Bay Area, the Bay Area Rapid Transit (BART) District must match any funding from Alameda, Contra Costa, and San Francisco with other federal, state, or available funds. Both the funds from this law and the matching funds must be used only for capital improvements.

This law says that any money made from a retail transactions and use tax in a county must be spent according to that county's transportation plan priorities.

This law allows a county transportation authority or commission to impose a sales tax of either 0.5% or 1% in any part of the county if two-thirds of voters approve it. This vote must happen within a year after creating a county transportation spending plan.

If the tax is approved, it goes into effect at the end of the voting day. The ordinance must specify how long the tax will last, based on the spending plan. The tax can end sooner if the plan’s projects are finished and any related bonds are paid off.

This law requires that when a county creates an ordinance for a retail transactions and use tax, it must clearly describe what the tax is about and specify how the money collected from it will be used. Additionally, the ordinance may include details about the members of the county transportation authority.

This law explains that when a county holds an election as directed by the board of supervisors (under another section, 131102), the county is responsible for organizing and paying for the election. However, if the tax being voted on during the election is approved, the county will be refunded for those election costs by the agency that is imposing the tax. The election must follow the usual procedures for county elections.

This law states that any new tax ordinance related to this chapter will start being effective on the first day of the calendar quarter that begins more than 120 days after the ordinance is adopted.

Before it takes effect, the county transportation authority or commission must arrange for the State Board of Equalization to handle all administrative tasks related to the tax.

This law states that after covering expenses, the remaining money collected from certain taxes must be used for transportation projects according to a county's specific transportation plan.

This law section specifies that if a county has a plan to collect a special sales tax for transportation, only up to 1% of the yearly tax revenue can be used to pay the staff who manage the tax and the transportation plan. The rest of the funds, after covering election costs, must be spent on projects like building and operating transportation systems according to the approved plan.

This section outlines how a county's board of supervisors can include a request in a ballot to impose a retail transactions and use tax. They can also seek voter approval to issue bonds that will be paid back using the tax money. The ballot proposition must clearly show the tax rate, how long the tax will last, and any bonds that will be covered by the tax. The ballot must also specify which agency will enforce the tax, and if a new entity, it must have a spending limit. Finally, voters must receive the full proposition and the county transportation expenditure plan in their sample ballot and voter information guide.

This law allows an agency that imposes a retail transactions and use tax to issue bonds, called 'limited tax bonds,' at any time. These bonds are paid back using only the money from this specific tax.

The money from the tax is first used to pay off these bonds, before it can be used for other projects that might be paid upfront ("pay-as-you-go" financing), unless stated otherwise in the bond resolution.

This law explains how a local agency in California can issue limited tax bonds. These bonds can be issued after a two-thirds vote in favor of a resolution by the agency that collects retail transactions and use tax. The resolution will specify how many bonds are needed and allow for issuance in different series with various payment dates. The bonds do not have to mature on their anniversary dates.

This section explains what needs to be included in a resolution that permits the issuance of bonds. The resolution must outline the reasons for the debt, which can cover various costs related to the project like engineering and legal fees. It should state the estimated costs, the principal amount of debt, the bond's maturity term (which must be before a specific tax ends), and the maximum interest rate allowed by law. The minimum bond denominations must be $5,000, and it must specify the bond form, such as registered or coupon bonds. The resolution can also include additional authorized details as per related laws.

This law states that bonds can have interest rates up to the legal limit and are typically paid every six months. However, the first interest payment on a bond or a series of bonds can cover a shorter period of up to one year, as decided by the agency responsible for the retail transactions and use tax.

This law allows a government agency that issues bonds funded by a retail transaction and use tax to decide if those bonds can be paid off early. The rules for such early payment, like timing and cost, must be set out clearly. Bonds can't be redeemed before they mature unless they specifically say they allow it.

This law section explains how the repayment of both the main amount (principal) and the interest on certain bonds will be made. It states that payments will be in U.S. dollars and can be done at the agency's treasurer's office that imposed the related tax, and possibly at other locations. Bondholders have the choice of where they want to receive their payments.

This law specifies how bonds issued by an agency that imposes a retail transactions and use tax should be signed and dated. The bonds must be signed by either the chairperson or vice chairperson and the auditor-controller of the agency, with the agency's official seal attached if they have one. All signatures and seals can be printed, but at least one signature must be signed by hand. Even if the officers who signed the bonds leave their positions before the bonds are delivered, their signatures remain valid.

This law section allows bonds to be delivered anywhere, whether inside or outside of California. It also states that payment for these bonds can be made in cash or through bank credits.

This law explains how the money from selling certain bonds should be handled. The interest and premiums from the sale are to be used to pay back the bond debt. The rest of the money goes to the agency’s treasury to secure the bonds or for the project the bonds funded. If there’s any leftover money once the project is done, it must either go towards paying the bond principal and interest or to buying back the bonds at market prices, after which those purchased bonds should be immediately canceled.

This section allows an agency that imposes a retail transactions and use tax to issue new bonds, called refunding bonds, to pay off older bonds under specific conditions it determines. The refunding bonds can cover the principal and any premium due on the old bonds, as well as costs related to issuing the new bonds.

The refunding bonds can also include amounts to pay interest on the old bonds or the new bonds, depending on the schedule of payment and the agreement with bondholders. The same rules that apply to issuing and selling regular bonds also apply to these refunding bonds.

This law allows an agency that imposes a retail transactions and use tax to borrow money before selling bonds that have been authorized but not yet sold. These borrowed funds come from issuing short-term notes called bond anticipation notes, which can be renewed but must be paid back within five years.

The agency can repay these notes and any interest from available funds, including tax revenues. If not repaid earlier, they must be paid with the proceeds from selling the authorized bonds. The total value of these notes cannot exceed the authorized bond amount minus any previously sold bonds or other outstanding notes.

The notes and the resolutions allowing them can include various terms and conditions set by the agency.

This section states that bonds issued as outlined in this chapter are considered valid investments for various funds such as trust funds, insurance companies, banks, and state school funds. These bonds can be used wherever current or future laws allow investments in bonds from cities, counties, or school districts. Additionally, these bonds can serve as security for public money deposits or performance requirements, similar to other bonds. The rules in this chapter supplement any existing laws about legal investments and take precedence as the most recent legislative decision.

If you want to challenge the validity of a tax ordinance or the bonds related to it, you must start your legal action within six months of the election where the ordinance was approved. If you don’t, everything about the ordinance and bonds will be considered completely valid and cannot be contested legally.