California Public Utilities Code ARTICLE 6 - Indebtedness
- Section 90500.
The district may borrow money and incur indebtedness, and may issue bonds or other evidences of indebtedness. No indebtedness shall be incurred exceeding the ordinary...
- Section 90501.
The district may borrow money for the purpose of defraying the expenses of the district lawfully incurred after the commencement of the fiscal year, but...
- Section 90501.5.
The board of directors of the district may, within a period of two years from and after the formation of the district, pursuant to a...
- Section 90502.
The district shall not incur an indebtedness for public works which in the aggregate exceeds 15 percent of the assessed value of all the real...
- Section 90503.
Indebtedness which has been incurred for the acquisition, construction, and operation of transit facilities, where the revenue from the transit facilities for three years or...
- Section 90504.
The district may accept, without limitation by any other provisions of this act requiring approval of indebtedness, contributions or loans from the United States, this...
- Section 90505.
The district may purchase equipment such as cars, trolley buses and motorbuses, and rolling equipment, and may execute agreements, leases and equipment trust certificates in...
- Section 90506.
The agreement to purchase or lease may direct the vendor or lessor to sell and assign or lease the rolling equipment to a bank or...
- Section 90507.
The agreements and leases shall be duly acknowledged before a person authorized by law to take acknowledgments of deeds and in the form required for...
- Section 90508.
The covenants, conditions and provisions of the agreements, leases, and equipment trust certificates shall not conflict with any of the provisions of any trust agreement...
Last modified: October 22, 2018