SECTIONS 100450-100451 - California Statutes

PUBLIC UTILITIES CODE

SECTION 100450-100451

100450. The district may issue bonds, payable from revenue of any
facility or enterprise to be acquired or constructed by the district,
in the manner provided by the Revenue Bond Law of 1941 (Chapter 6
(commencing with Section 54300) of Part 1 of Division 2 of Title 5 of
the Government Code), all of the provisions of which are applicable
to the district, except that these bonds may be paid, in whole or in
part, from revenues made available under Article 9 (commencing with
Section 100250) of Chapter 5 and, in such a case, the bonds may be
issued without an election if the resolution authorizing the bonds
provides that the retail transactions and use tax shall continue to
be imposed under that Article 9 until the bonds are fully paid or
provision has been made for their payment in full.

100451. The district is a local agency within the meaning of the
Revenue Bond Law of 1941, Chapter 6 (commencing with Section 54300),
Part 1, Division 2, Title 5 of the Government Code. The term
"enterprise" as used in the Revenue Bond Law of 1941 shall, for all
purposes of this part, include the system or any or all transit
facilities and all additions, extensions, and improvements thereto
authorized to be acquired, constructed, or completed by the district.
The district may issue revenue bonds under the Revenue Bond Law of
1941, for any one or more transit facilities authorized to be
acquired, constructed, or completed by the district or, in the
alternative, may issue revenue bonds under the Revenue Bond Law of
1941, for the acquisition, construction, and completion of any one of
such transit facilities. Nothing in this article shall prevent the
district from availing itself of, or making use of, any procedure
provided in this part for the issuance of bonds of any type or
character for any of the transit facilities authorized hereunder, and
all proceedings may be carried on simultaneously or, in the
alternative, as the board may determine.