California Public Utilities Code

§ 29235

PUC § 29235Div. 10 · Part 2 · Ch. 8 · Art. 5

Statute text

(a)The district may borrow money for the purchase of transit vehicles, as defined in subdivision (b) of Section 99501, transit equipment, or transportation facilities, or for capital improvements, by the issuance of grant anticipation notes issued pursuant to Article 7.7 (commencing with Section 53859) of Chapter 4 of Part 1 of Division 2 of Title 5 of the Government Code payable on the basis of any of the following:

(1)From appropriated state funds.

(2)From other funds committed, but not appropriated, and evidenced by an appropriate document of intent.

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Legislative history

Added by Stats. 1984, Ch. 153, Sec. 1.