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SB 916 Senate Bill - AMENDED 9. D- IS SEC. 57, Section 30894 of the Streets and Highways Code is amended to read: 30894. The commission shall adopt.and distribute procedures for the submission of applications for funding and allocation of funds. Only those applications for projects that will implement the commission's transit planning objectives in the vicinity of toll bridges as set forth in its adopted regional transportation plan or the commission's objectives with respect to ferry systems shall be approved. SEC. 58. Section 30896 of the Streets and Highways Code is repealed. SEC. 59. Section 30910 of the Streets and Highways Code is amended to read: 30910. (a) The state -owned toll bridges within the geographic jurisdiction of the Metropolitan Transportation Commission are the following bridges: (1) Antioch Bridge. (2) Benicia- Martinez Bridge. (3) Carquinez Bridges. (4) Dumbarton Bridge. (5) Richmond -San Rafael Bridge. (6) San Mateo - Hayward Bridge. (7) San Francisco - Oakland Bay Bridge. (b) The Antioch Bridge, the Benicia - Martinez Bridge, the Carquinez Bridges, and the Richmond -San Rafael Bridge are at all times classified as the northern bridge unit, and the Dumbarton Bridge, the San Mateo - Hayward Bridge, and the San Francisco - Oakland Bay Bridge are at all times classified as the southern bridge unit. For purposes of operation, rehabilitation, maintenance, and financing, all of the bridges are classified as a single enterprise. SEC. 60. Section 30911 of the Streets and Highways Code is repealed. SEC. 61. Section 30911 is added to the Streets and Highways Code, to read: 30911. (a) The authority shall maintain the Bay Area Toll Account and other subaccounts it deems necessary and appropriate to document toil revenue and operating expenditures in accordance with generally accepted accounting principles. (b) (1) After the requirements of any bond resolution or indenture of the authority for any outstanding revenue bonds have been met, the authority shall transfer on a regularly scheduled basis as set forth in the authority's annual budget resolution, the revenues defined in subdivision (b) of Section 30913 and Section 30914 to the commission. The funds transferred are continuously appropriated to the commission to expend for the purposes specified in subdivision (b) of Section 30913 and Section 30914. (2) For the purposes of paragraph (1), the revenues defined in subdivision (b) of Sections 30913 and 30914 include all revenues accruing since January 1, 1989. SEC. 62. Section 30912 of the Streets and Highways Code is amended to read: 30912. (a) Revenue derived from tolls on all bridges may be expended, subject to the adopted annual budget of the authority, for any of the following purposes: (1) Safety and operational costs, including toll collection . (2) Costs of bridge construction and improvement projects including debt service and sinking fund payments on bonds issued by the authority for those projects. The repayment of any advances from other state funds may be made from the toll revenue or bond proceeds. Page 10 of 29