SECTIONS 103530-103531 - California Statutes

PUBLIC UTILITIES CODE

SECTION 103530-103531

103530. 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), Part 1, Division 2, Title 5 of the
Government Code) all of the provisions of which are applicable to the
district.

103531. 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.