Public Utilities Code - PUC
DIVISION 10. TRANSIT DISTRICTS [24501 - 107025]
( Division 10 repealed and added by Stats. 1955, Ch. 1036. ) PART 3. SOUTHERN CALIFORNIA RAPID TRANSIT DISTRICT [30000 - 33021]
( Part 3 added by Stats. 1964, 1st Ex. Sess., Ch. 62. ) CHAPTER 7. Bonds and Other Evidences of Indebtedness [30900 - 30982]
( Chapter 7 added by Stats. 1964, 1st Ex. Sess., Ch. 62. ) ARTICLE 2. Revenue Bonds [30930 - 30932]
( Article 2 added by Stats. 1964, 1st Ex. Sess., Ch. 62. ) 30932.
Revenue bonds issued under the provisions of this Article 2 shall be subject to the priorities set forth in Section 30638. Revenue bonds shall have a priority as to the use of revenues superior to that of any bonds for improvement districts issued under Article 5 of this chapter. Revenue bonds having a priority as to the use of revenues superior to that of any bonds issued under Article 1 of this chapter may be issued if the proposition for the issuance of such revenue bonds with such priority shall have been submitted by the board by the same vote required under Article 1 and approved by the electors by the same vote required under Article 1.
(Amended by Stats. 1967, Ch. 1215.)