§ 103530 District Revenue Bond Authority

Public Utilities Code·California

AI SummaryVerified

This law lets a school or other district borrow money by selling bonds and pay them back with money earned from any building or business it builds or buys, following the 1941 Revenue Bond rules.

Key Takeaways

•The district can issue bonds (borrow money).
•Repayment must come from revenue of any facility or business the district builds or buys.
•All the rules in the 1941 Revenue Bond Law must be followed.

Example

A district wants to build a new community center and needs money to start construction.

The district can sell bonds to get the cash now, then use the rent and fees collected from the community center once it’s open to pay back the bond holders, just as the law says.

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

Official Source

View on CA.gov

§ 103530 District Revenue Bond Authority

The district may issue bonds, payable from revenue of any facility or enterprise to be acquired or constructed by the district, in the manner provided by the Revenue Bond Law of 1941 (Chapter 6 (commencing with Section 54300), Part 1, Division 2, Title 5 of the Government Code) all of the provisions of which are applicable to the district. (Added by Stats. 1974, Ch. 502.)

Last verified: January 11, 2026

Key Terms

bonds Revenue Bond Law of 1941 facility or enterprise Government Code

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 103530.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References