This law allows a district to borrow money by selling bonds. The money can be used to pay for building or improving any part of public transit systems, or to buy land, equipment, or other necessary items to fulfill the district's goals.

This law states that the total amount of debt the district can take on through issuing bonds cannot be more than 5% of the value of all the taxable property in the area. This includes both real estate and personal property. It limits how much debt the district can have based on the property values within its borders.

This law allows a board to propose acquiring or building transit-related facilities or properties if it's in the public interest, but too expensive for the district's regular annual budget. This decision requires a resolution supported by four-fifths of the board members. After this decision, the board can arrange for a special election where district voters decide if the district should incur debt by issuing bonds to cover these costs.

This law section allows voters in a district to start proceedings to issue bonds without waiting for the board's approval of a formal resolution. Instead, the voters can initiate this action through a petition process.

This law section explains that when you petition the board for a particular action related to the district, you need to follow the same process used to petition for forming a district, as detailed in another section starting with Section 101035.

If enough voters in a district—15% of those who voted in the last general statewide election—sign a petition asking for the construction or acquisition of transit facilities and agree to incur debt to fund it, the district's secretary must send this petition to the county elections official to verify the signatures.

This law requires that, within 30 days of receiving a petition, the county elections official must check the petition's signatures against the voter registration records. The official then certifies to the district's secretary the total number of registered voters at the last general election, how many registered voters signed the petition, and the percentage of signers compared to all registered voters in the district.

If there aren't enough signatures on a petition, a supplemental petition can be submitted within 30 days to try to meet the required number. This additional petition must follow the same process as the initial one, as described in related sections.

If a petition gets enough signatures, the district's secretary must quickly send a copy to both the board and the general manager, but the signatures themselves aren't included.

When a petition is signed by the necessary number of people, the board must arrange a special election where district voters decide whether to take on debt through bonds for the purpose mentioned in the petition.

This law outlines the requirements for calling a special bond election related to public transit projects. It specifies that the ordinance must set the election date, detail how the election will be conducted, and explain the voting process for approving or rejecting the debt. Additionally, it must list the purposes of the debt, estimate costs for the transit-related projects, specify the total principal amount, and set the maximum interest rate, which cannot exceed 7% per year, paid either semiannually or annually in the first year, then semiannually thereafter.

This law allows multiple proposals for incurring debt for different reasons to be voted on during the same election. These proposals can either be introduced by a formal resolution or through a petition process.

This law section explains that a bond election can take place on its own or be scheduled on the same day as other state, county, or city elections. It can also happen alongside elections held under specific district election laws, and these elections can be combined if needed.

This law explains that if a special bond election is combined with another election, specific procedures for initiating and holding the bond election must still be followed. However, the ordinance calling the election doesn't need to list details like precincts and polling places, as these can be the same as those in the existing election. Instead, the ordinance should reference the existing election by its details, like the number and title of the ordinance or notice.

The board is required to make sure an ordinance is published in line with a specific section of the Government Code, between 30 and 60 days before an election. No additional election notices are necessary.

This law states that if an ordinance for an election specifies, the county elections official must conduct the election according to the methods outlined by the board, following the rules in Section 101289.

This law section explains that when a bond election is held by a board, they must follow specific rules in the Elections Code. If the county clerk isn't conducting the election, replace 'county clerk' with 'secretary of the district'. Also, substitute 'board of directors' for 'board of supervisors' and 'attorney for the district' for 'district attorney or county counsel' in the relevant documentation.

To issue bonds under this rule, more than half of the voters participating in the election must approve it.

If a special bond election doesn't get enough votes to pass, the board can't have another similar bond election for six months. The only way to have another vote sooner is if a petition is signed by at least 15% of voters from the last statewide election in the district. This petition must follow the same rules as those for asking for a new bond.