§ 101280 Transit Facility Bonding Authority

Public Utilities Code·California

AI SummaryVerified

This law lets a district borrow money by selling bonds to build or buy things like buses, train tracks, or stations for public transportation.

Key Takeaways

•The district can borrow money by selling bonds to pay for transit projects.
•The money can be used to build, buy, or improve things like buses, trains, or stations.
•This helps the district get big projects done even if they don’t have all the money upfront.

Example

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

The city can sell bonds (like IOUs) to get the money needed to build the subway, and then pay back the money over time.

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

Official Source

View on CA.gov

§ 101280 Transit Facility Bonding Authority

The district may, from time to time, incur a bonded indebtedness as provided in this chapter to pay the cost of acquiring, constructing, or completing the whole, or any portion, of any transit facilities, or for acquiring any works, lands, structures, rights, equipment, or other property necessary or convenient to carry out the objects, purposes, or powers of the district. (Added by Stats. 1971, Ch. 1161.)

Last verified: January 11, 2026

Key Terms

bonded indebtedness transit facilities acquiring constructing completing works lands structures rights equipment property district

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 101280.

§ 101280 Transit Facility Bonding Authority

Public Utilities Code·California

AI SummaryVerified

§ 101280 Transit Facility Bonding Authority

This law lets a district borrow money by selling bonds to build or buy things like buses, train tracks, or stations for public transportation.

Key Takeaways

•The district can borrow money by selling bonds to pay for transit projects.
•The money can be used to build, buy, or improve things like buses, trains, or stations.
•This helps the district get big projects done even if they don’t have all the money upfront.

Example

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

The city can sell bonds (like IOUs) to get the money needed to build the subway, and then pay back the money over time.

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

Official Source

View on CA.gov

§ 101280 Transit Facility Bonding Authority

Last verified: January 11, 2026

Key Terms

bonded indebtedness transit facilities acquiring constructing completing works lands structures rights equipment property district

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 101280.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References