The division shall be known and may be cited as the Riverside County Transportation Sales Tax Act.
Chapter 1General Provisions, Findings, and Definitions
Section § 240000
This law section establishes the official name for a division, which is called the Riverside County Transportation Sales Tax Act. It indicates that this act can be referred to by this title.
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Section § 240001
This law highlights the need for alternative methods to finance transportation projects in Riverside County due to limited resources. The goal is to support the construction and maintenance of highways, streets, roads, and public transport, thereby boosting economic growth and benefiting public welfare.
It also ensures that Riverside County will continue to receive its fair share of state transportation funds and encourages local sales tax measures by offering rewards rather than penalties.
Furthermore, it allows Riverside County voters to approve specific revenue sources and grants new responsibilities to the local transportation commission to improve the transportation system effectively.
The Legislature hereby finds and declares all of the following:
(a)CA Public Utilities Code § 240001(a) Recognizing the scarcity of resources available for all transportation development, alternative methods of financing provided in this division are needed to finance the cost of constructing, developing, acquiring, and maintaining and providing highways, streets, roads, and public transportation services in the County of Riverside and these methods will increase economic opportunities, contribute to economic development, be in the public interest and serve a public purpose, and promote the health, safety, and welfare of the citizens within the County of Riverside.
(b)CA Public Utilities Code § 240001(b) It is the intent of the Legislature, in enacting this division, that the County of Riverside continue to receive its equitable share of funds under the state transportation improvement program and that incentives be provided to reward rather than to penalize counties that adopt local sales tax measures.
(c)CA Public Utilities Code § 240001(c) It is in the public interest to allow the voters of Riverside County to adopt a specific revenue source and to authorize new duties for the Riverside County Transportation Commission so that local decisions can be implemented in a timely manner to provide improvements to the transportation system.
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Section § 240002
This section defines the term "Bonds" to mean any type of debt or security, such as bonds, notes, bond anticipation notes, and commercial paper.
“Bonds” means indebtedness and securities of any kind or class, including bonds, notes, bond anticipation notes, and commercial paper.
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Section § 240003
This law section defines the term "Commission" specifically as the Riverside County Transportation Commission, which was established according to a different legal section.
“Commission” means the Riverside County Transportation Commission created pursuant to Section 130054.
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Section § 240004
This law section defines "County" as the County of Riverside. It's all about specifying that whenever the term "County" is used, it refers specifically to Riverside County.
“County” means the County of Riverside.
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