This section defines key terms for the chapter about the Exposition Metro Line Construction Authority. It explains that the "authority" refers to the Exposition Metro Line Construction Authority responsible for the project. The "board" is the governing body of this authority. The "commission" is the California Transportation Commission. The "LACMTA" stands for the Los Angeles County Metropolitan Transportation Authority. Lastly, the "project" is the development of a light rail line that runs from downtown Los Angeles to downtown Santa Monica.

This law creates an authority responsible for giving out and managing contracts related to the final design and construction of a specific project.

This law gives an authority the power to manage a large-scale project from beginning to end, including planning, acquiring property, building, and working with other organizations. They can accept funds from different sources and acquire necessary property. They also have the power to incur debt and contract with other entities for project work. They're allowed to work with local governments or private companies to share costs or services.

The authority's duties involve conducting studies and creating codes of conduct. They need to ensure no conflicts of interest by prohibiting board members from accepting significant contributions from involved parties. They must create detailed plans and report to government authorities. Progress on the project is expected, and their responsibilities depend on federal and local funding.

This law section explains how a certain authority is governed by a board made up of seven voting members. These members are appointed by various local entities: two by the City Councils of Santa Monica and Culver City, two by the Los Angeles County Board of Supervisors, one by the LACMTA, and two by the City Council of Los Angeles. Members serve terms of up to four years but can be reappointed indefinitely. Alternates are also appointed to act in place of absent members. The board operates under the Political Reform Act and requires four members to meet for business. They choose a chairperson and vice chairperson from amongst themselves. Board members can be paid up to $150 per day for meetings, with a cap of $600 per month, plus expenses. The LACMTA's Chief Executive Officer is a nonvoting, ex officio member of the board. Individuals appointed may also be part of their respective appointing entities.

This law gives the board the power to appoint an executive director who serves at the board's discretion. The executive director is not part of the usual civil service system and will be paid a salary decided by the board.

The executive director has the authority to hire staff or bring in consultants to help with the duties of the authority.

Any contracts the executive director approves must follow state and federal procurement laws, focusing on either price, competitive negotiation, or both.

This law requires the Los Angeles County Metropolitan Transportation Authority (LACMTA) to quickly make agreements with an authority to manage assets and coordinate on a project. They must hold property and assets related to the project in trust unless otherwise agreed. The agreements should cover project design review and construction to ensure it's compatible with LACMTA's system. It should also outline funding sources and responsibilities for obtaining federal, state, and local funding, as well as describe all financial elements and budget details for the project.

This law requires that a formal agreement, called a memorandum of understanding, must be made between the authority and the Los Angeles County Metropolitan Transportation Authority (LACMTA). This agreement should allow LACMTA to review major changes to the design or construction of a transit project. Significant changes mean altering the mode of transport or technology, or any other change that affects the project's integration with LACMTA's overall transit system. However, building a light rail project as originally planned does not count as a significant change and doesn't need LACMTA's approval.

This law states that the authority in charge of the project cannot use any expected future earnings from ticket sales (farebox revenue) as collateral or security for any debts or obligations.

The law states that during the design and construction phase of a project, the authority in charge cannot create obligations that will be passed on to the Los Angeles County Metropolitan Transportation Authority (LACMTA) when the project is completed. Specifically, things like trains (rolling stock) and fare collection systems are not part of what will be designed or built by the authority; instead, these are handled by the LACMTA.

This section states that once the construction of the light rail project is finished, the authority responsible for its construction will be dissolved. After that, the Los Angeles County Metropolitan Transportation Authority (LACMTA) will take over the operation of the project or any of its completed parts.