§ 100124 Vta Insurance Authority

Public Utilities Code·California

AI SummaryVerified

This law lets the VTA buy insurance to cover damage to its system, loss of money, and to require insurance when it issues bonds.

Key Takeaways

•The VTA can get insurance for any accident or destruction of its system.
•The VTA can also insure against loss of revenue from any cause.
•When the VTA issues bonds, it can require insurance coverage and pay the premiums as part of the bond process.

Example

A VTA train hits a fallen tree and the train is badly damaged.

Because of this law, the VTA can have an insurance policy that pays for the repair costs, so the agency doesn’t have to spend its own cash to fix the train.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 100124 Vta Insurance Authority

The VTA may insure against any accident or destruction of the system or any part thereof. The VTA may insure against loss of revenues from any cause whatsoever. It may provide, in the proceedings authorizing the issuance of any bonds, for the carrying of insurance in an amount and of a character as may be specified and for the payment of premiums thereon. The VTA may also provide insurance as provided in Part 6 (commencing with Section 989) of Division 3.6 of Title 1 of the Government Code. (Amended by Stats. 2016, Ch. 381, Sec. 42. (AB 2196) Effective January 1, 2017.)

Last verified: January 11, 2026

Key Terms

VTA insure accident destruction loss of revenues bonds Part 6 Division 3.6 Title 1 Government Code

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 100124.

§ 100124 Vta Insurance Authority

Public Utilities Code·California

AI SummaryVerified

§ 100124 Vta Insurance Authority

This law lets the VTA buy insurance to cover damage to its system, loss of money, and to require insurance when it issues bonds.

Key Takeaways

•The VTA can get insurance for any accident or destruction of its system.
•The VTA can also insure against loss of revenue from any cause.
•When the VTA issues bonds, it can require insurance coverage and pay the premiums as part of the bond process.

Example

A VTA train hits a fallen tree and the train is badly damaged.

Because of this law, the VTA can have an insurance policy that pays for the repair costs, so the agency doesn’t have to spend its own cash to fix the train.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 100124 Vta Insurance Authority

Last verified: January 11, 2026

Key Terms

VTA insure accident destruction loss of revenues bonds Part 6 Division 3.6 Title 1 Government Code

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 100124.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References