SECTIONS 26465-26466 - California Statutes

GOVERNMENT CODE

SECTION 26465-26466

26465. The board may include, in an indenture for the issuance of
revenue bonds, a clause that no competitive projects will be acquired
or constructed by the board as long as any of the bonds issued under
any such indenture are outstanding. Such limitation shall be valid
and binding upon the board.

26466. The board may also include in an indenture for the issuance
of bonds a clause that no project or the facilities or services
thereof acquired, constructed or completed from the proceeds of
revenue bonds shall be used without charge therefor or be furnished
free of charge to any person, including the State of California or
any political subdivision thereof, or any public corporation or
individual, other than employees of the board or of another public
body actually engaged in rendering service to the board in connection
with the project.