Section 3380.1 Of Chapter 5. Bonds From California Public Utilities Code >> Division 1.5. >> Chapter 5.
3380.1
. For the purposes provided in this division, the authority
is authorized to incur indebtedness and to issue securities of any
kind or class, at public or private sale by the Treasurer, and to
renew the same, provided that all such indebtedness, howsoever
evidenced, shall be payable solely from revenues. The authority may
issue bonds for the purposes of this division in an amount not to
exceed five billion dollars ($5,000,000,000), exclusive of any
refundings.