Section 3341.1 Of Article 4. Powers Of The Authority From California Public Utilities Code >> Division 1.5. >> Chapter 3. >> Article 4.
3341.1
. In connection with an enterprise, the authority may do any
or all of the following:
(a) Acquire any enterprise by gift, purchase, or eminent domain as
necessary to achieve the purposes of the authority pursuant to
Sections 3310 and 3352.
(b) Construct or improve any enterprise. By gift, lease, purchase,
eminent domain, or otherwise, it may acquire any real or personal
property, for an enterprise, except that no property of a state
public body may be acquired without its consent. The authority may
sell, lease, exchange, transfer, assign, or otherwise dispose of any
real or personal property or any interest in such property. It may
lay out, open, extend, widen, straighten, establish, or change the
grade of any real property or public rights-of-way necessary or
convenient for any enterprise.
(c) Operate, maintain, repair, or manage all or any part of any
enterprise, including the leasing for commercial purposes of surplus
space or other space that is not economic to use for such enterprise.
(d) Adopt reasonable rules or regulations for the conduct of the
enterprise.
(e) Prescribe, revise, and collect charges for the services,
facilities, or energy furnished by the enterprise. The charges shall
be established and adjusted so as to provide funds sufficient with
other revenues and moneys available therefor, if any, to (1) pay the
principal of and interest on outstanding bonds of the authority
financing such enterprise as the same shall become due and payable,
(2) create and maintain reserves, including, without limitation,
operating and maintenance reserves and reserves required or provided
for in any resolution authorizing, or trust agreement securing such
bonds, and (3) pay operating and administrative costs of the
authority.
(f) Execute all instruments, perform all acts, and do all things
necessary or convenient in the exercise of the powers granted by this
article.