0964 Transportation Financing Authority
Program Descriptions

0820 - CALIFORNIA TRANSPORTATION FINANCING AUTHORITY

CTFA was established to assist transportation agencies in obtaining financing to develop transportation projects. To meet this objective, statutes allow CTFA to issue, or to approve specified project sponsors to issue, revenue bonds to fund transportation projects backed in whole or in part, by various revenue streams of transportation funds (including toll revenues). Statutes provide CTFA with the authority to approve the imposition and collection of tolls on proposed transportation projects under certain conditions. The planning, programming, and allocation of transportation projects are performed by the California Transportation Commission and the California Department of Transportation, as appropriate.