0964 Transportation Financing Authority
Program Descriptions

10 - The California Transportation Financing Authority (CTFA) was established to assist transportation agencies in obtaining financing to develop transportation projects. To meet these objectives, statutes allow CTFA to issue, or approve specified project sponsors to issue, revenue bonds to fund approved transportation projects, to be repaid, in whole or in part, by various revenue streams of transportation funds, or toll revenues under certain conditions. Statutes provide CTFA with the authority to approve transportation financing plans, but not with the authority to plan or approve transportation projects. Approval of transportation projects is performed by the California Transportation Commission and the California Department of Transportation, as appropriate.