CA AB1143

Authorizes Sacramento Regional Transit District to issue revenue bonds payable from district revenues, including sales tax revenue, under the Revenue Bond Law of 1941.

Requires a two-thirds vote of the district board to authorize bond issuance, exempting the district from Article 3 restrictions against using taxing power or tax proceeds to secure bonds.

Clarifies that all revenues and income available to the district, including transactions and use tax proceeds, qualify as "enterprise" revenues for purposes of the Revenue Bond Law of 1941.

Allows the district to issue revenue bonds for one or more transit facilities simultaneously or sequentially, or to issue separate bonds for individual transit facilities.

Revises temporary borrowing provisions to conform with Government Code Articles 7, 7.4, 7.5, 7.6, and 7.7 applicable to local agencies.