§ 13111 Electric System Revenue Bonds

• •Bonds (like loans) for electric projects must be paid back using money from the electric system only.
• •The bonds must clearly say on them that they are paid back from electric system money, not from other funds.
• •If there’s extra money needed (like fees for paying early), it also comes from the electric system’s money.

A city wants to build a new power plant and borrows money by selling bonds.

The city must pay back the loan using only the money made from selling electricity, not from taxes or other city funds. The bonds must say this clearly on them.