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HomePublic Utilities CodeDiv. 10Pt. 7Ch. 6Art. 6§ 70201 Transit Facility Funding Authority

§ 70201 Transit Facility Funding Authority

Public Utilities Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 70201 Transit Facility Funding Authority

Key Takeaways

  • •The district can take money or loans from the U.S. or California to build, fix, or run transit stuff like buses or trains.
  • •They can work with the government and make deals to get this help.
  • •They can do whatever is needed to get this money, even if new laws are made later.
  • •Any papers showing they owe money because of this are official and can be traded.

Example

A city wants to build a new subway line but doesn't have enough money.

The city can ask the state or federal government for a loan or money to help build it. They can sign contracts and follow rules to get this help, even if new laws come later.

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

Official Source
View on CA.gov

§ 70201 Transit Facility Funding Authority

The district may accept, without limitation by any other provisions of this part requiring approval of indebtedness, contributions or loans from the United States, this State, or any department, instrumentality, or agency of either thereof, for the purpose of financing the acquisition, construction, maintenance, and operation of transit facilities, and may enter into contracts and cooperate with, and accept cooperation from, the United States, this State, or any department, instrumentality, or agency of either thereof, in the acquisition, construction, maintenance, and operation, and in financing the acquisition, construction, maintenance, and operation of any such transit facilities in accordance with any legislation which Congress or the Legislature of the State of California may have heretofore adopted or may hereafter adopt, under which aid, assistance, and cooperation may be furnished by the United States or this State in the acquisition, construction, maintenance, and operation or in financing the acquisition, construction, maintenance and operation of any such transit facilities. The district may do any and all things necessary in order to avail itself of such aid, assistance, and cooperation under any federal or state legislation now or hereafter enacted. Any evidence of indebtedness issued under this section shall constitute a negotiable instrument. (Added by Stats. 1964, 1st Ex. Sess., Ch. 92.)

Last verified: January 23, 2026

Key Terms

acquisitionconstructionmaintenanceoperationlegislaturecontractunited statesinstrument

Related Statutes

  • § 40201 Transit Facility Funding Authority
  • § 50203 Transit Facility Funding Authority
  • § 90504 Transit Facility Funding Authority
  • § 98263 Transit Facility Funding Authority
  • § 25844 Transit Facility Funding Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 70201.
View Official Source