§ 3341.1
300 words·~1 min read·
/ca/public-utilities-code/3341-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In connection with an enterprise, the authority may do any or all of the following:
(a)Acquire any enterprise by gift, purchase, or eminent domain as necessary to achieve the purposes of the authority pursuant to Sections 3310 and 3352.
(b)Construct or improve any enterprise. By gift, lease, purchase, eminent domain, or otherwise, it may acquire any real or personal property, for an enterprise, except that no property of a state public body may be acquired without its consent. The authority may sell, lease, exchange, transfer, assign, or otherwise dispose of any real or personal property or any interest in such property. It may lay out, open, extend, widen, straighten, establish, or change the grade of any real property or public rights-of-way necessary or convenient for any enterprise.
(c)Operate, maintain, repair, or manage all or any part of any enterprise, including the leasing for commercial purposes of surplus space or other space that is not economic to use for such enterprise.
(d)Adopt reasonable rules or regulations for the conduct of the enterprise.
(e)Prescribe, revise, and collect charges for the services, facilities, or energy furnished by the enterprise. The charges shall be established and adjusted so as to provide funds sufficient with other revenues and moneys available therefor, if any, to
(1)pay the principal of and interest on outstanding bonds of the authority financing such enterprise as the same shall become due and payable,
(2)create and maintain reserves, including, without limitation, operating and maintenance reserves and reserves required or provided for in any resolution authorizing, or trust agreement securing such bonds, and
(3)pay operating and administrative costs of the authority.
(f)Execute all instruments, perform all acts, and do all things necessary or convenient in the exercise of the powers granted by this article.