SECTIONS 101335-101336 - California Statutes

PUBLIC UTILITIES CODE

SECTION 101335-101336

101335. As an alternative procedure for the raising of funds, the
district may issue bonds, payable from revenues 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), Part 1, Division 2, Title 5 of the
Government Code), all of the provisions of which are applicable to
the district.

101336. 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 transit facilities, and any and all
parts thereof, and all additions, extensions, and improvements
thereto, and all other facilities authorized to be acquired,
constructed, or completed by the district. A district may issue
revenue bonds under the Revenue Bond Law of 1941 for any one or more
facilities or enterprises authorized to be acquired, constructed, or
completed by a 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 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 facilities
or works authorized hereunder, and all proceedings may be carried on
simultaneously or, in the alternative, as the board may determine.