California Public Utilities Code

§ 13091

PUC § 13091Div. 6 · Ch. 6.5 · Art. 3

Statute text

A district may borrow money from time to time for the purpose of constructing, reconstructing, replacing, extending or improving its system for supplying the district and its inhabitants with electric energy, and may issue and sell bonds to evidence the indebtedness created by such borrowing. No such money may be used:

(1)For constructing or improving works located outside the district boundaries which exist on the date this Chapter 6.5 is enacted.

(2)For acquiring any property owned by a public utility.

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Legislative history

Amended by Stats. 1962, 1st Ex. Sess., Ch. 6.