2016 California Code
Government Code - GOV
TITLE 12 - NORTH COAST RAILROAD AUTHORITY
CHAPTER 3 - Powers and Duties of Authority
Section 93024.
93024. (a) The authority may issue bonds, payable from revenues of any facility or enterprise to be acquired or constructed by the authority, 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).
However, an election is not required in the case of revenue bonds authorized by the board of directors for railroad facilities, and any addition, extension, and improvement thereto, and all other facilities authorized to be acquired, constructed, or completed by the authority under this title.
(b) The authority is a local agency within the meaning of the Revenue Bond Law of 1941. The term enterprise, as used in that law, includes railroad facilities, and any addition, extension, and improvement thereto, and all other facilities authorized to be acquired, constructed, or completed by the authority under this title.
(Added by Stats. 1989, Ch. 1085, Sec. 1.)
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