SECTIONS 26351-26352 - California Statutes

PUBLIC UTILITIES CODE

SECTION 26351-26352

26351. As an alternative procedure for the raising of funds, a
district created pursuant to this part is authorized to issue bonds,
payable from revenues of any facility or enterprise to be acquired or
constructed by a district, in the manner provided by the Revenue
Bond Law of 1941 (Chapter 6 (commencing at Section 54300) of Part 1
of Division 2 of Title 5 of the Government Code), all of the
provisions of which are applicable to a district created pursuant to
this part.

26352. A district created pursuant to this part is a local agency
within the meaning of the Revenue Bond Law of 1941 (Chapter 6
(commencing at Section 54300) of Part 1 of Division 2 of 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 a district
under this part. 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 a
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 directors may determine.