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The Authority is hereby authorized to issue from time to time limited tax bonds pursuant to California Public Utilities Code Sections 131109 et seq. in an aggregate principal amount not to exceed $1,910,000,000.
(Added by Ord. 267-89, App. 7/27/89; amended by Proposition K, 11/4/2003; Proposition L, 11/8/2022, Eff. 11/8/2022, Oper. 4/1/2023)
(a) The proceeds of the Taxes imposed by this Article 14 prior to the operative date of the amendments to this Article 14 passed by the voters at the November 8, 2022 election shall be used solely for the projects and purposes set forth in the New Transportation Expenditure Plan approved by the voters as part of Proposition K at the November 4, 2003 election and for the administration thereof.
(b) The proceeds of the Taxes imposed by this Article 14 on or after the operative date of the amendments to this Article 14 passed by the voters at the November 8, 2022 election shall be used solely for the following purposes:
(1) The projects and purposes set forth in the 2022 Transportation Expenditure Plan referenced in subsection (c) of this Section 1414, and any updates or revisions to such Plan expenditures or other expenditures allowed or permitted by Division 12.5 (commencing with Section 131000) of the California Public Utilities Code as those provisions existed on November 8, 2022, and Articles XIIIA and XIIIC of the California Constitution;
(2) To pay interest and principal on the bonds authorized and issued under Section 1413 of this Article 14; and
(3) To pay the cost of administration of the Tax.
(c) The 2022 Transportation Expenditure Plan is in Section 3 of the ordinance containing amendments to this Article 14 passed by the voters at the November 8, 2022 election, and, as part of that ordinance, shall be placed in the Appendix to the Administrative Code containing voter-approved measures.
(Added by Ord. 267-89, App. 7/27/89; amended by Proposition K, 11/4/2003; Proposition L, 11/8/2022, Eff. 11/8/2022, Oper. 4/1/2023)
(a) Except as provided in subsection (b) of this Section 1415, for purposes of California Constitution Article XIIIB, the appropriations limit for the Authority for fiscal year 2003-04 and each year thereafter shall be $485,175,000 unless that amount should be amended pursuant to applicable law.
(b) Pursuant to California Constitution Article XIIIB and applicable laws, for four years from November 8, 2022, the appropriations limit for the Authority shall be increased by the aggregate sum collected by the levy of the Tax imposed under Article 14 of the Business and Tax Regulations Code.
(Added by Ord. 267-89, App. 7/27/89; amended by Proposition K, 11/4/2003; Proposition L, 11/8/2022, Eff. 11/8/2022, Oper. 4/1/2023)
All amendments to Part 1 (commencing with Section 6001) of Division 2 of the California Revenue and Taxation Code made subsequent to November 7, 1989 that relate to sales and use taxes and that are not inconsistent with Part 1.6 (commencing with Section 7251) (commencing with Section 7280)1
of Division 2 of the California Revenue and Taxation Code and all amendments to Part 1.6 and Part 1.7 of Division 2 of the California Revenue and Taxation Code, shall automatically become a part of this Article 14
; provided, however, that no such amendment shall operate so as to affect the rate of tax imposed by this Article 14
.
(Added by Ord. 267-89, App. 7/27/89; amended by Proposition L, 11/8/2022, Eff. 11/8/2022, Oper. 4/1/2023)
CODIFICATION NOTE
Any person violating any of the provisions of this Article 14 shall be deemed guilty of a misdemeanor, and upon conviction thereof shall be punishable by a fine of not more than $500 or by imprisonment for a period of not more than six months, or by both such fine and imprisonment.
(Added by Ord. 267-89, App. 7/27/89; amended by Proposition L, 11/8/2022, Eff. 11/8/2022, Oper. 4/1/2023)
If any provision of this Article 14 or the application thereof to any person or circumstance is held invalid, the remainder of this Article 14 and the application of such provision to other persons or circumstances shall not be affected thereby.
(Added by Ord. 267-89, App. 7/27/89; amended by Proposition LL, 11/8/2022, Eff. 11/8/2022, Oper. 4/1/2023)
No injunction or writ of mandate or other legal or equitable process shall issue in any suit, action, or proceeding in any court against the State or the Authority, or against any officer of the State or the Authority, to prevent or enjoin the collection under this Article 14, or Part 1.6 (commencing with Section 7251) of Division 2 of the California Revenue and Taxation Code, of any Tax or any amount of Tax required to be collected.
(Added by Proposition K, 11/4/2003; amended by Proposition L, 11/8/2022, Eff. 11/8/2022, Oper. 4/1/2023)
(a) The New Transportation Expenditure Plan approved by the voters as part of Proposition K at the November 4, 2003 election and the authority to levy the Tax imposed by this Article 14 prior to the operative date of the amendments to this Article 14 passed by the voters at the November 8, 2022 election shall terminate immediately prior to the operative date of the amendments to this Article 14 passed by the voters at the November 8, 2022 election.
(b) The 2022 Transportation Expenditure Plan, referenced in subsection (c) of Section 1414, and the authority to levy the Tax imposed by the amendments to this Article 14 passed by the voters at the November 8, 2022 election shall expire 30 years from the operative date of the amendments to this Article 14 passed by the voters at the November 8, 2022 election, unless earlier terminated as provided in California Public Utilities Code Section 131280, as that section existed on November 8, 2022.
(Added by Proposition L, 11/8/2022, Eff. 11/8/2022, Oper. 4/1/2023)