CA AB1811

Authorizes the Sunol Smart Carpool Lane Joint Powers Authority and Alameda County Transportation Commission to operate value pricing high-occupancy vehicle (HOT) lanes on Interstate 680 and up to two additional Alameda County corridors, allowing single-occupant vehicles to pay a fee for access

Requires HOT lane programs to maintain Level of Service C at all times (or Level of Service D under written agreement), with unrestricted access for high-occupancy vehicles at all times, but permits programs to require electronic transponders or devices on HOVs for law enforcement purposes

Directs revenue from the program to cover operational, maintenance, construction, and administrative expenses (capped at 3 percent), with net revenues allocated to transportation improvements including HOV facilities and transit capital and operations serving the corridors

Authorizes the administering agency to issue bonds up to the estimated program revenues for construction and construction-related expenditures, payable solely from program revenues

Requires the administering agency to submit a report to the Legislature within three years analyzing the program's effects on adjacent traffic lanes and operations