This law allows a district to issue bonds, which are essentially loans it needs to pay back, using the income generated from a facility or project that the district is planning to acquire or build. The process for issuing these bonds follows the guidelines set out in the Revenue Bond Law of 1941.

This section explains that the district is considered a local agency, as defined by the Revenue Bond Law of 1941. The term "enterprise" in this context includes the district's transit system and facilities, as well as any expansions or improvements.

The district is allowed to issue revenue bonds specifically for acquiring, constructing, or completing transit facilities or equipment. These bonds can be issued simultaneously or through any available procedures provided in the chapter.

This law allows the district to buy or lease transit equipment like buses and trains, just like private companies do. They can use special financial tools called equipment trust certificates to manage these purchases and leases. These certificates let them pay in installments, but the district doesn't officially own the equipment until all payments are made.

This section allows transit equipment to be purchased or leased through a structured financial arrangement. It permits the vendor or lessor to sell or lease the equipment to a bank or a trust company, which then holds the equipment as a trustee for securing finance certificates. The trustee delivers the equipment to the district officials, who can simultaneously sign a purchase or lease agreement for the equipment.

This law section requires that agreements and leases must be properly acknowledged before someone who can legally confirm deeds. The details of these agreements and their required form must match the standards for deeds.

Additionally, any agreements, leases, and equipment trust certificates need to be approved by a board resolution. These documents will include specific terms to ensure the payment of the equipment trust certificates, which can be funded from any legal money sources listed in the certificates.

This law section says that any agreements, leases, or equipment trust certificates should not have terms that conflict with the trust agreements or documents that are securing a district's bonds, notes, or certificates. It's about making sure everything aligns correctly and there's no contradiction in financial commitments.

This law section states that when an agreement or lease is finalized, a copy must be filed with the Secretary of State's office. There is a $1 fee for each filed copy. Filing these documents serves as a public notice to anyone who may later become a creditor or purchaser, informing them of the existing agreement or lease.

This law states that three specific pieces of legislation related to public improvements can be applied to the district. These are the Improvement Act of 1911, the Improvement Bond Act of 1915, and the Municipal Improvement Act of 1913.

This section indicates that the rules and regulations starting from Section 99000 in Part 11 of Division 10 also apply to the district covered by this statute.

This section states that the district is treated as a 'local agency' according to certain government regulations. As a result, it must follow specific rules outlined in another part of the law.

This section explains that the district is classified as a 'local agency' according to a specific part of the California Government Code. This means certain rules that apply to local agencies also apply to the district.

This law section allows the district to borrow money by following specific rules outlined in certain parts of the Government Code. These rules are found in three different articles that provide guidelines on how public districts can obtain loans for their financial needs.

This law permits a district to borrow money by issuing bond anticipation notes before actual bonds are sold. These notes can be renewed, but their total term can't be more than five years from the original issue date. They can be paid back with any district funds that aren't otherwise obligated, or with the money from selling the anticipated bonds. The notes can only be issued in an amount equal to or less than the authorized bond amount, minus any bonds or notes already sold or issued. The issuance and sale method for these notes is the same as for the bonds, and they can include any terms that would be in a bond resolution.

This law allows the district to issue promissory notes, which are like IOUs, to raise money for its purposes. These notes must be paid back within five years and can have an interest rate up to 12% per year. The district can use any available revenue to pay back these notes.

This law allows a district to go to court to confirm the legality of its financial instruments like bonds, notes, or other debt obligations. To do this, the district follows specific procedures laid out in another part of the legal code.

This law states that any bonds or debts issued by the district are not subject to state taxes, but they are still subject to transfer, franchise, inheritance, and estate taxes.

This law section establishes that when a district issues bonds or takes on debt, all terms and conditions are viewed as contracts with bondholders. These terms are legally enforceable, meaning bondholders can sue if the district doesn't comply. If the district dissolves or certain areas withdraw, those areas still owe their share of the debt. The district’s assets generating revenue, like properties or facilities, must always be used to pay off bonds, even if there's a change in who owns or runs them. Successors are responsible for managing these assets to ensure bonds are repaid.