The bill, SB 1419, now needs Gov. Arnold Schwarzenegger's signature. Schwarzenegger has indicated he is likely to sign the bill after vetoing a previous version, according to Yee's office.
"We have worked diligently with the administration to develop language that all sides can be happy with and that will finally provide the kind of protection that our pedestrians deserve," Yee said in a statement.
Yee, D-San Francisco/San Mateo, hopes that the increased fines will prompt motorists to drive more safely and be more aware of pedestrians on the stretch of urban roadway that connects Interstate 280 to the Golden Gate Bridge.
From 2000 to 2005 there were 786 accidents on the street, resulting in 1,205 injuries and 12 deaths, according to Yee's office.
"It is simply unacceptable that we continue to lose innocent lives, including children and elders, because of this high-speed avenue in our residential area," Yee said. "I am hopeful that with this new double-fine zone and continued improvements, we can finally create a safe corridor for drivers, pedestrians, and bicyclists."
Schwarzenegger has 12 days to sign or veto the bill.