California Public Utilities Code

§ 141040

PUC § 141040 Effective Jan 1, 1999Div. 14

Statute text

(a)The authority or any of the districts, either in conjunction with the authority or any other of the districts or individually, may issue general and special revenue bonds for the acquisition, construction, or completion of any works, equipment, materials, supplies, properties, or structures necessary or convenient to carry out the objects and purposes of this division.

(b)The total amount of bonds outstanding shall not be in excess of one hundred million dollars ($100,000,000) at any one time per district.

(c)Each separate improvement shall be designated as a “project” and the purpose, nature, and extent thereof shall be described in general terms prior to the issuance of any bonds.

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Legislative history

Added by Stats. 1998, Ch. 486, Sec. 2. Effective January 1, 1999.