Code Section Group

Public Utilities Code - PUC

DIVISION 6. MUNICIPAL UTILITY DISTRICT ACT [11501 - 14403.5]

  ( Division 6 enacted by Stats. 1951, Ch. 764. )

CHAPTER 7.5. Short-Term Borrowing [13371 - 13392]

  ( Chapter 7.5 added by Stats. 1971, Ch. 660. )

ARTICLE 2. Borrowing to Purchase Electricity [13391 - 13392]
  ( Article 2 added by Stats. 1982, Ch. 365, Sec. 2. )

13391.
  

A district may borrow money and incur indebtedness for the purchasing of electricity; provided, that the maximum principal amount of indebtedness outstanding under this article shall not at any one time exceed twenty-five million dollars ($25,000,000).

(Added by Stats. 1982, Ch. 365, Sec. 2.)

13392.
  

All provisions of this chapter not inconsistent with this article and not by their terms made inapplicable thereto shall apply to all evidences of indebtedness issued under this article.

(Added by Stats. 1982, Ch. 365, Sec. 2.)

PUCPublic Utilities Code - PUC2