§ 100450. — 100450. (Amended by Stats. 2016, Ch. 381, Sec. 93.)

California § 100450.

• Jurisdiction: California
• Code PUC: Public Utilities Code - PUC
• Div. 10.: DIVISION 10. TRANSIT DISTRICTS
• Part 12.: PART 12. SANTA CLARA VALLEY TRANSPORTATION AUTHORITY
• Ch. 7.: CHAPTER 7. Bonds and Other Evidences of Indebtedness
• Art. 2.: ARTICLE 2. Revenue Bonds

Text

The VTA may issue bonds, payable from revenue of any facility or enterprise to be acquired or constructed by the VTA, in the manner provided by the Revenue Bond Law of 1941 (Chapter 6 (commencing with Section 54300) of Part 1 of Division 2 of Title 5 of the Government Code), all of the provisions of which are applicable to the VTA, except that these bonds may be paid, in whole or in part, from revenues made available under Article 9 (commencing with Section 100250) of Chapter 5 and, in that case, the bonds may be issued without an election if the resolution authorizing the bonds provides that the retail transactions and use tax shall continue to be imposed under that Article 9 until the bonds are fully paid or provision has been made for their payment in
full.

Legislative History

Amended by Stats. 2016, Ch. 381, Sec. 93. (AB 2196) Effective January 1, 2017.