Article 2. Borrowing To Purchase Electricity of California Public Utilities Code >> Division 6. >> Chapter 7.5. >> Article 2.
A district may borrow money and incur indebtedness for the
purchasing of electricity; provided, that the maximum principal
amount of indebtedness outstanding under this article shall not at
any one time exceed twenty-five million dollars ($25,000,000).
All provisions of this chapter not inconsistent with this
article and not by their terms made inapplicable thereto shall apply
to all evidences of indebtedness issued under this article.