HomeMy WebLinkAboutResolutions - No. 3614RESOLUTION NO. 3614
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LODI
URGING THE ENACTMENT OF LEGISLATION WHICH WOULD
PERMIT GENERAL LAW CITIES TO ISSUE REVENUE BONDS FOR
EXTENSIONS ASD IMPROVEMENTS TO MUNICIPAL ELECTRIC
DISTRIBUTION AND GENERATION FACILITIES.
WHEREAS, Sections 54309 and 54309. I of the Government Code of
the State of Calitornia provide definitions of "Enterprise" for which revenue
bonds may oe used under the Revenue Bond Law of 1941; and,
WHEREAS, said definitions include a wide range of revenue-producing
activities ,of government including water systems, sewer systems, garbage
systems, parking lots and garages, harbors, airports and hospitals; and,
WHEREAS, Section 54310 of the Government Code specifically excludes
electric systems from the definition of "Enterprises" which may be financed
by the use of revenue oonds; and,
WHEREAS, this discriminatory exception places an unjustified limitation
on the means available for financing capital projects by local agencies
operating electric systems; and,
WHEREAS, this limitation does not apply to other utility operations
by local agencies; and
WHEREAS, SB 409 now before the Legislature will remove the
restrictions contained in Government Code Sections 54309 and 54315 relating
to electric distribution iacilities;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Lodi that it supports legislation that would remove or modify .the
restriction on the use of revenue bonds for electric systems contained in
Section 54310 of the Government Code.
BE IT FURTHER RESOLVED by the City Council of the City of Lodi
that it supports the passage of SB 409 and that it urges the City's repre-
sentatives in the California Legislature to support and vote for the proposed
law.
BE IT FURTHER RESOLVED that copies of this resolution be sent
to Senator Alan Short, Assemblyman Robert Monagan. and to the appropriate
committees of the Calirornia State Legislature.
DATED: April 5, 1972
I hereby certify that Resolution No. 3614 was passed and adopted
by the City Council of the City of Lodi in regular meeting held
April 5, 1972 by the following vote:
AYES: Councilmen - Ehrhardt, Hughes, Kirsten, Schaffer
and Katnich.t l
NOES: Councilmen - None, ;
ABSENT: Councilmen - None
ESSIE L. BENNETT
City Clerk
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