SECTIONS 40265-40266 - California Statutes

PUBLIC UTILITIES CODE

SECTION 40265-40266

40265. 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) of Part 1 of Division 2 of Title 5 of
the Government Code), all of the provisions of which are applicable
to the district.

40266. The district is a local agency within the meaning of 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). 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 directors may determine.