California Law (Last Updated: March 4, 2014) |
Public Utilities Code - PUC |
Division 10. TRANSIT DISTRICTS |
Part 11. PROVISIONS APPLICABLE TO ALL PUBLIC TRANSIT |
Chapter 4. Transportation Development |
ARTICLE 4. Claims for Funds |
Section 99263.
Latest version.
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An approved claim may include an amount to pay the principal and interest on bonds of the applicant for a public transportation system.
This section shall not be construed as an authorization to any applicant to pledge revenues received from the county's local transportation fund, unless approved by the voters of the county under Article 7 (commencing with Section 99320) of this chapter.
(Added by Stats. 1971, Ch. 1400.)