LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomePublic Utilities CodeDiv. 10Pt. 10Ch. 6Art. 6§ 98263 Transit Facility Funding Authority

§ 98263 Transit Facility Funding Authority

Public Utilities Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 98263 Transit Facility Funding Authority

Key Takeaways

  • •The district can take money or loans from the U.S. or California to build, fix, or run transit stuff like buses or trains.
  • •They can work with the government and sign deals to get this help.
  • •They can do whatever is needed to get this money, even if new rules are made later.
  • •Any papers showing they owe money because of this are official and can be traded.

Example

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

The city can ask the state or federal government for a loan or money to help build it. They can sign deals and follow the rules to get this money, even if the rules change later.

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

Official Source
View on CA.gov

§ 98263 Transit Facility Funding Authority

The district may accept, without limitation by any other provisions of this part requiring approval of indebtedness, contributions or loans from the United States, this state, or any department, instrumentality, or agency of either thereof, for the purpose of financing the acquisition, construction, maintenance, and operation of transit facilities, and may enter into contracts and cooperate with and accept cooperation from, the United States, this state, or any department, instrumentality, or agency of either thereof, in the acquisition, construction, maintenance, and operation, and in financing the acquisition, construction, maintenance, and operation, of any such transit facilities in accordance with any legislation which Congress or the Legislature of the State of California may have heretofore adopted or may hereafter adopt, under which aid, assistance, and cooperation may be furnished by the United States or this state in the acquisition, construction, maintenance and operation of any such transit facilities. The district may do any and all things necessary in order to avail itself of such aid, assistance, and cooperation under any federal or state legislation now or hereafter enacted. Any evidence of indebtedness issued under this section shall constitute a negotiable instrument. (Added by Stats. 1967, Ch. 978.)

Last verified: January 23, 2026

Key Terms

acquisitionconstructionmaintenanceoperationcontractlegislatureunited statestransit district

Related Statutes

  • § 40201 Transit Facility Funding Authority
  • § 50203 Transit Facility Funding Authority
  • § 70201 Transit Facility Funding Authority
  • § 90504 Transit Facility Funding Authority
  • § 40181 Transit Facility Contributions Acceptance

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 98263.
View Official Source