§ 3380.2. — 3380.2. (Amended by Stats. 2025, Ch. 119, Sec. 50.)

California § 3380.2.

• Jurisdiction: California
• Code PUC: Public Utilities Code - PUC
• Div. 1.5.: DIVISION 1.5. CALIFORNIA CONSUMER POWER AND CONSERVATION FINANCING AUTHORITY ACT
• Ch. 5.: CHAPTER 5. Bonds

Text

In connection with the issuance of bonds, in addition to the powers otherwise provided in this division, the authority may do all of the following:
(a)
Issue, from time to time, bonds payable from and secured by a pledge of all or any part of the revenues in order to finance the activities authorized by this division, including, without limitation, an enterprise or multiple enterprises, a single project for a single participating party, a series of projects for a single participating party, a single project for several participating parties, or several projects for several participating parties, and to sell those bonds at public or private sale by the Treasurer, in the form and on those terms and conditions as the Treasurer, as agent for sale, shall approve.
(b)
Pledge all or any part of the revenues to secure bonds and any repayment or reimbursement obligations of the authority to any provider of insurance or a guarantee of liquidity or credit facility entered into to provide for the payment or debt service on any bond.
(c)
Employ and compensate bond counsel, financial consultants, underwriters, and other advisers determined necessary and appointed by the Treasurer in connection with the issuance and sale of any bond.
(d)
Issue bonds to refund or purchase or otherwise acquire bonds on terms and conditions as the Treasurer, as agent for sale, shall approve.
(e)
Perform all acts that relate to the function and purpose of the authority under this division, whether or not specifically designated in this
chapter.
(f)
Seek financial assistance from any entity eligible to access the California Transmission Accelerator Revolving Fund pursuant to Article 10.5 (commencing with Section 63049.71) of Chapter 2 of Division 1 of Title 6.7 of the Government Code.

Legislative History

Amended by Stats. 2025, Ch. 119, Sec. 50. (SB 254) Effective September 19, 2025.