Section 31306 Of Chapter 6. Border Region Toll Facilities From California Streets And Highways Code >> Division 17. >> Chapter 6.
31306
. The commission may issue revenue bonds for the purpose of
obtaining funds for constructing additional highways or for making
capacity enhancing improvements to existing highways to accommodate
additional commercial traffic resulting from the North American Free
Trade Agreement. The sole security for the payment of principal and
interest on the bonds shall be revenues derived from the tolls
imposed pursuant to Section 31300. In authorizing and issuing bonds
pursuant to this chapter, the commission and the department shall, to
the fullest extent feasible, follow the procedures and requirements
of Article 5 (commencing with Section 30200) of Chapter 1 of Division
17.