SEC. 9.112. REVENUE BONDS OF THE PORT COMMISSION.
§ 9.112
Complex
In plain language
The Port Commission has sole authority to issue revenue bonds for purposes related to the Port, as specified in the Charter.
The Port Commission is the only city body that can issue revenue bonds (borrowed money that will be repaid from Port income) for Port-related projects and operations.
- Complex:The section's full meaning depends on understanding the referenced Charter section B7.305, which is not provided here and may contain material conditions or limitations.
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Official text
The Port Commission shall have the exclusive power to perform or accomplish issuance of revenue bonds for Port-related purposes, as provided in Section B7.305 of this Charter.