48-1811. Financial powers of district;
limitation; definition


A. A district may finance any acquisition or expenditure authorized by this chapter
with revenue bonds. A district may not finance with revenue bonds the acquisition by
eminent domain of an existing electrical works or electrical facility of a municipality
or public service corporation.


B. In this article unless the context otherwise requires, "revenues" means all
income and profits received by a district from all sales of electrical power and energy
to its customers, all investment income received on that income and profits and on
revenue bond proceeds but does not include any income or monies derived from taxes or
assessments authorized by this chapter or the proceeds or investment income of any bonds
issued as prescribed by article 4 of this chapter.