Section 31476 Of Chapter 7. Otay Mesa East Toll Facility Act From California Streets And Highways Code >> Division 17. >> Chapter 7.
31476
. (a) At least 30 days prior to setting the initial toll rates
for a project, and thereafter when adjustments to the toll rates are
proposed, the board shall provide a public comment period regarding
the proposed rates. The board shall also take public testimony at one
or more public meetings during this time period.
(b) The expenditure plan for toll revenues shall be updated and
approved by the board on an annual basis beginning on July 1
following implementation of a toll. Approval of the initial and
annual expenditure plan shall take place at a public meeting held by
the board following a notice of at least 30 days to the public.
(c) Collection of tolls on a project financed with bond revenues
shall cease following repayment of the bonds and other project costs
in full unless an extension of the time for toll collection is
approved by a two-thirds vote of the board at a public meeting
following a notice of at least 30 days to the public.
(d) The board shall arrange for a postaudit of the revenues
expended pursuant to this chapter to be made at least annually by a
certified public accountant.