Common Questions and Answers

Q. How can I buy a San Joaquin Hills or Foothill/Eastern Toll Road Bond?
A. If available, San Joaquin Hills or Foothill/Eastern Toll Road Bonds can be purchased through a broker that deals in municipal securities.

Q. What is the Agencies' gross debt service for Fiscal Year 2004?
A. FY2004 debt service for the San Joaquin Hills Transportation Corridor Agency is $66 million
FY 2002 debt service for the Foothill/Eastern Transportation Corridor Agency is $59.9 million.

Q. What are the final maturity dates for the bonds?
A. The final maturity for the San Joaquin Hills Agency bonds is on January 15, 2036. The final maturity for the Foothill/Eastern Agency bonds is on January 15, 2040. The final maturity date for the Foothill/Eastern Agency will change when the bonds for construction of the Foothill-South project are issued. It is the intent of the Agencies to retire bonds early when excess funds are available.

Q. TCA's bonds are "non-recourse." What does non-recourse mean?
A. The San Joaquin Hills and Foothill/Eastern Toll Road bonds are "non-recourse" bonds, which means that the bondholders can look only to the toll road revenues for payment of the bond principal and interest. The bonds are not backed by the credit of the State of California or any local governmental entity; thus, state and local taxpayers have no responsibility or liability for repayment of the bonds.