Section 3380.2 Of Chapter 5. Bonds From California Public Utilities Code >> Division 1.5. >> Chapter 5.
3380.2
. In connection with the issuance of bonds, in addition to
the powers otherwise provided in this division, the authority may do
all of the following:
(a) Issue, from time to time, bonds payable from and secured by a
pledge of all or any part of the revenues in order to finance the
activities authorized by this division, including, without
limitation, an enterprise or multiple enterprises, a single project
for a single participating party, a series of projects for a single
participating party, a single project for several participating
parties, or several projects for several participating parties, and
to sell those bonds at public or private sale by the Treasurer, in
the form and on those terms and conditions as the Treasurer, as agent
for sale, shall approve.
(b) Pledge all or any part of the revenues to secure bonds and any
repayment or reimbursement obligations of the authority to any
provider of insurance or a guarantee of liquidity or credit facility
entered into to provide for the payment or debt service on any bond.
(c) Employ and compensate bond counsel, financial consultants,
underwriters, and other advisers determined necessary and appointed
by the Treasurer in connection with the issuance and sale of any
bond.
(d) Issue bonds to refund or purchase or otherwise acquire bonds
on terms and conditions as the Treasurer, as agent for sale, shall
approve.
(e) Perform all acts that relate to the function and purpose of
the authority under this division, whether or not specifically
designated in this chapter.