Section 32316 Of Chapter 5. Revenue Bonds From California Health And Safety Code >> Division 23. >> Chapter 5.
32316
. By resolution of the board of directors adopted by a vote of
four-fifths of the membership of the board, the district may issue
bonds of not more than a maximum of 50 percent of the average of the
district's gross revenues for the preceding three years, pursuant to
Chapter 6 (commencing with Section 54300) of Part 1 of Division 2 of
Title 5 of the Government Code, to provide funds for the acquisition,
construction, improvement, financing or refinancing of an
enterprise, or the refunding of any bonds, notes, loans, or other
indebtedness of the district, including, but not limited to, any or
all expenses incidental thereto, or connected therewith, or any
combination of two or more of those purposes.