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What is Transportation Corridor Agencies mean?
Transportation Corridor Agencies (TCA) are two joint powers authorities formed by the California legislature in 1986 to plan, finance, construct, and operate Orange County's toll roads. TCA consists of two local government agencies:
The San Joaquin Hills Transportation Corridor Agency which oversees the San Joaquin Hills Toll Road (State Route 73).The Foothill/Eastern Transportation Corridor Agency which runs both the Foothill Toll Road (State Route 241) and the Eastern Toll Road (State Route 241 and State Route 261).The toll roads maintained by TCA are financed with tax-exempt bonds on a stand-alone basis -- taxpayers are not responsible for repaying any debt if toll revenues fall short.
Some California lawmakers and toll road advocates favor using similar local agencies to build and maintain future tollways, especially after the controversy of authorizing a private company to run the 91 Express Lanes. Others oppose them, arguing that new toll roads will just facilitate and perpetuate sprawl.
referencePosted on 06 Dec 2024, this text provides information on Miscellaneous in Governmental related to Governmental. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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