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SB 916 Senate Bill - AMENDED page 8 of 29 q - I')to 30761. The department is authorized to modify, improve, reconstruct, and remodel the Antioch Bridge as is necessary to adequately handle anticipated traffic and permit the collection of tolls. SEC. 31. Section 30762 of the Streets and Highways Code is repealed. SEC. 32. Section 30762.5 of the Streets and Highways Code is repealed. SEC. 33. Section 30763 of the Streets and Highways Code is repealed. SEC. 34. Section 30764 of the Streets and Highways Code is repealed. SEC. 35. Section 30764.5 of the Streets and Highways Code is repealed. SEC. 36. Section 30765 of the Streets and Highways Code is repealed. SEC. 37. Section 30766 of the Streets and Highways Code is repealed. SEC. 38. Section 30767 of the Streets and Highways Code is repealed. SEC. 39. Section 30791 of the Streets and Highways Code is amended to read: 30791. The department is authorized to modify, improve, reconstruct, and remodel the San Mateo - Hayward Bridge and the Dumbarton Bridge as is necessary to adequately handle anticipated traffic and permit the collection of tolls. SEC. 40. Section 30791.7 of the Streets and Highways Code is repealed. SEC. 41. Section 30792 of the Streets and Highways Code is repealed. SEC. 42. Section 30792.2 of the Streets and Highways Code is repealed. SEC. 43. Section 30793 of the Streets and Highways Code is repealed. SEC. 44. Section 30794 of the Streets and Highways Code is repealed. SEC. 45. Section 30795 of the Streets and Highways Code is repealed. SEC. 46. Section 30881 is added to the Streets and Highways Code, to read: 30881. "Authority" means the Bay Area Toll Authority. SEC. 47. Section 30884 of the Streets and Highways Code is amended to read: 30884. (a) "Net transit revenues" means those - revenues of the San Francisco- Oakland Bay Bridge, the San Mateo - Hayward Bridge, and the Dumbarton Bridge determined by the authority as derived from the toll increase instituted by the commission in 1977. The calculation of the amount of the net transit revenues is approximately equal to 16 percent of the revenue generated each year from the collection of the base toll at its level in existence for the 2001 -02 fiscal year on the San Francisco - Oakland Bay Bridge, the San Mateo - Hayward Bridge, and the Dumbarton Bridge. (b) The net transit revenues are subordinate to all of the following: (1) The obligation to pay necessary costs of toll collection operation. (2) The obligations of the authority under any bond resolution or indenture applicable to the toll bridges. (3) The obligation to repay any advances made to the department from any other source for studies and work preliminary to the