SECTIONS 50765-50766 - California Statutes

GOVERNMENT CODE

SECTION 50765-50766

50765. 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.

50766. The board may also include in an indenture for the issuance
of bonds a clause that no project 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.