Gov. Gavin Newsom announced Wednesday that the state would work with struggling Bay Area transit systems on short-term financial help to keep them afloat while talks on a $750 million loan from the state continue.

In a press release on Wednesday, Newsom said the transit assistance would be in the "hundreds of millions of dollars" and that the Department of Finance and the California State Transportation Agency would work with transit agencies and regional partners to design structured loans or financing mechanisms.

Newsom's statement hinted that the state is seeking a measure of oversight on how the funds are spent and how the loans would be repaid, saying that the financing would "align with operational needs, protect service, and support fiscal reforms, with clear and reliable repaymen

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