Section 30703 Of Article 7. Indebtedness From California Public Utilities Code >> Division 10. >> Part 3. >> Chapter 5. >> Article 7.
30703
. The district may accept contributions or loans from the
State of California or any public agency, for the purpose of
planning, acquiring, constructing, developing, jointly developing,
operating, or maintaining a rapid transit system, including, without
limitation, the payment of principal and interest and providing
security funds for bonds or notes of the district issued for any of
those purposes, and may enter into contracts and cooperate with, and
accept cooperation from, the state or any public agency therefor. The
district is a public rapid transit district, rapid transit district,
or any other type of public agency which is authorized by any other
law to receive those contributions, loans, or cooperation, including,
without limitation, Sections 11005.1 and 11104 of the Revenue and
Taxation Code. The district may do any and all things necessary,
within the limitations imposed by this part or by any indebtedness
created pursuant to this part, in order to avail itself of those
contributions, loans, or cooperation.