California Law (Last Updated: March 4, 2014) |
Streets and Highways Code - SHC |
Division 17. TOLL BRIDGES, TOLL FERRIES, AND TOLL ROADS |
Chapter 1. The California Toll Bridge Authority Act |
ARTICLE 9. Insurance of Property |
Section 30452.
Latest version.
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All money collected on any indemnity bond or insurance policy as the result of any damage or injury to any such toll bridge or other highway crossing, transportation facilities, or additional transportation facilities shall be used for the purpose of repairing or rebuilding the toll bridge or other highway crossing, transportation facilities, or additional transportation facilities, as long as there are revenue bonds against any such structure outstanding and unredeemed.
(Added by Stats. 1947, Ch. 176.)