SECTIONS 70200-70201 - California Statutes

PUBLIC UTILITIES CODE

SECTION 70200-70201

70200. The district shall have the power to obtain temporary
transfers of funds in accordance with the last paragraph of Section
31, Article IV of the State Constitution.

70201. The district may accept, without limitation by any other
provisions of this part requiring approval of indebtedness,
contributions or loans from the United States, this State, or any
department, instrumentality, or agency of either thereof, for the
purpose of financing the acquisition, construction, maintenance, and
operation of transit facilities, and may enter into contracts and
cooperate with, and accept cooperation from, the United States, this
State, or any department, instrumentality, or agency of either
thereof, in the acquisition, construction, maintenance, and
operation, and in financing the acquisition, construction,
maintenance, and operation of any such transit facilities in
accordance with any legislation which Congress or the Legislature of
the State of California may have heretofore adopted or may hereafter
adopt, under which aid, assistance, and cooperation may be furnished
by the United States or this State in the acquisition, construction,
maintenance, and operation or in financing the acquisition,
construction, maintenance and operation of any such transit
facilities. The district may do any and all things necessary in order
to avail itself of such aid, assistance, and cooperation under any
federal or state legislation now or hereafter enacted. Any evidence
of indebtedness issued under this section shall constitute a
negotiable instrument.