FUNDING SOURCES FOR THE SEISMIC PROGRAM
Upon California voters passing the Seismic Retrofit Bond Act of 1996, the Legislature began appropriating funds for the seismic program from a variety of sources. In 2005 the Legislature required that toll revenues—which account for about two-thirds of total revenues in the seismic program—cover any excess costs associated with the east span of the Bay Bridge. The table below lists the sources of these funds.
|Toll Authority Financing||Source Legislation||Amounts Appropriated
|Bay Area Seismic Surcharge||Assembly Bill 1171 (2001)||$2,282|
|Assembly Bill 144 (2005)||2,150|
|Assembly Bill 1175 (2009)*||750|
|Toll revenue consolidation:
Funds made available as a result of legislative action consolidating toll revenues under the Toll Authority's management and the refinancing of the Toll Authority's bonds
|Assembly Bill 144 (2005)||820|
|Seismic Retrofit Bond Act||Proposition 192 (1996)
Senate Bill 60 (1997)
|State Highway Account||Senate Bill 60 (1997)||$745|
|Transit Capital Improvement Program funded by the Transportation Planning and Development Account in the State Transportation Fund||Senate Bill 60 (1997)||130|
|Vincent Thomas Toll Bridge Revenue Account||Senate Bill 60 (1997)||15|
|San Diego–Coronado Toll Bridge Revenue Fund||Senate Bill 60 (1997)||33|
|Interregional Transportation Improvement Plan/State Highway Operation Protection Plan||Assembly Bill 1171 (2001)||448|
|State Highway Account (for the demolition of the east span)||Assembly Bill 144 (2005)||300|
|State Highway Account||Assembly Bill 144 (2005)||130|
|Motor Vehicle Account||Assembly Bill 144 (2005)||75|
|Public Transportation Account||Assembly Bill 144 (2005)||125|
|Federal Highway Bridge Replacement and Rehabilitation Program||Assembly Bill 1171 (2001)||$642|
Source: State law and Oversight Committee reports.
* Assembly Bill 1175 appropriated funding for the retrofit of the Antioch and Dumbarton bridges from savings in other parts of the seismic program and authorized the Toll Authority to raise tolls to pay for the retrofit's completion. The Oversight Committee appropriated $750 million from toll revenues, and the Toll Authority increased tolls by $1 in 2010.