Section 29240 Of Article 6. Revenue Bonds From California Public Utilities Code >> Division 10. >> Part 2. >> Chapter 8. >> Article 6.
29240
. As an alternative procedure for the raising of funds, the
district is hereby authorized to issue bonds, payable from revenues
of any facility or enterprise to be acquired or constructed by the
district, in the manner provided by the Revenue Bond Law of 1941, all
of the provisions of which are hereby made applicable to the
district, provided however, that no election shall be required in the
case of revenue bonds authorized by the board of directors for rapid
transit facilities and any and all parts thereof and all additions,
extensions and improvements thereto and all other facilities
authorized to be acquired, constructed or completed by the district
under this part, if prior to such authorization a proposition for the
issuance of general obligation bonds has been adopted by vote of the
qualified electors of the district pursuant to Section 29168; and
provided, further, that nothing contained in the Revenue Bond Law of
1941 shall be deemed to restrict the power of the district to levy
taxes and use their proceeds for all district purposes within the
restrictions established by this part.