Section 125701 Of Chapter 6. Bonds And Other Evidences Of Indebtedness From California Public Utilities Code >> Division 11.5. >> Chapter 6.
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. The district is a local agency within the meaning of the
Revenue Bond Law of 1941 (Chapter 6 (commencing with Section 54300)
of Part 1 of Division 2 of Title 5 of the Government Code). The term
"enterprise," as used in the Revenue Bond Law of 1941, for all
purposes of this chapter, includes the transit system or any or all
transit facilities and all additions, extensions, and improvements
thereto authorized to be acquired, constructed, or completed by the
district.
The district may issue revenue bonds under the Revenue Bond Law of
1941 for any one or more transit facilities authorized to be
acquired, constructed, or completed by the district or for transit
equipment described in Section 125702 authorized to be acquired by
the district or, in the alternative, the district may issue revenue
bonds under the Revenue Bond Law of 1941 for the acquisition,
construction, and completion of any one of those transit facilities
or for transit equipment described in Section 125702 authorized to be
acquired by the district.
Nothing in this chapter prohibits the district from availing
itself of, or making use of, any procedure provided in this chapter
for the issuance of bonds of any type or character for any of the
transit facilities authorized hereunder, and all proceedings may be
carried on simultaneously or, in the alternative, as the district may
determine.