§ 101335 Revenue Bond Issuance Authority

Public Utilities Code·California

AI SummaryVerified

This law lets a district borrow money by selling bonds, which they pay back using the money made from a new project they build.

Key Takeaways

•Districts can borrow money by selling bonds for new projects.
•The money to pay back the bonds comes from the project itself, like fees or profits.
•This follows the rules from an older law called the Revenue Bond Law of 1941.

Example

A city wants to build a new parking garage but doesn't have enough money right now.

The city can sell bonds to get the money to build it, and then use the money from parking fees to pay back the bonds over time.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 101335 Revenue Bond Issuance Authority

As an alternative procedure for the raising of funds, the district may issue bonds, payable from revenues of any facility or enterprise to be acquired or constructed by the district, in the manner provided by the Revenue Bond Law of 1941 (Chapter 6 (commencing with Section 54300), Part 1, Division 2, Title 5 of the Government Code), all of the provisions of which are applicable to the district. (Added by Stats. 1971, Ch. 1161.)

Last verified: January 11, 2026

Key Terms

bonds Revenue Bond Law of 1941 facility or enterprise Government Code

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 101335.

Key Takeaways

Example

Key Terms

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References

Key Takeaways

Example

Key Terms

Related Statutes

References