The commission may incur indebtedness and issue securities of any kind or class, and renew them, if all indebtedness is payable solely from revenues of the commission.
Cal. Gov. Code § 92250
Bonds and Notes
Known as the California Passenger Rail Financing Commission Act
The act spans §§ 92000–92354 (69 sections).
Added by Stats. 1982, Ch. 1553, Sec. 2.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.