Section 50765 Of Article 4. Competitive Projects From California Government Code >> Division 1. >> Title 5. >> Part 1. >> Chapter 3.5. >> Article 4.

. The board may include, in an indenture for the issuance of revenue bonds, a clause that no competitive projects will be acquired or constructed by the board as long as any of the bonds issued under any such indenture are outstanding. Such limitation shall be valid and binding upon the board.