California Public Utilities Code

§ 29157.1

PUC § 29157.1Div. 10 · Part 2 · Ch. 8 · Art. 1

Statute text

Whenever it appears to the board that bonded indebtedness heretofore authorized pursuant to the provisions of this article is insufficient to cover all costs of the acquisition and construction of facilities, the board shall make an order determining the amount of bonds that should be issued in order to raise the additional funds necessary for the completion of such facilities. The provisions of Sections 29154, 29155, 29156 and 29157 of this code shall not be applicable to any election to authorize the issuance of additional bonds, after the district shall have issued all or any part of its first authorized issue of bonds.

Legislative history

Added by Stats. 1967, Ch. 1518.