(a) Subject to the approval of the Board, the PUC is authorized to issue Bonds for any purposes of the Power Enterprise, including, without limitation, financing or refinancing capital additions, improvements, repairs, and replacements to the Power Enterprise. Such Bonds shall be payable from and secured by Power Enterprise Revenues and shall be subject to such terms, conditions, covenants, and agreements as the Commission may authorize hr resolution.
(b) Bonds may bear a rate or rates of interest, which may be fixed or variable, but not to exceed the maximum legal rate of interest, as the Commission may authorize by resolution.
(c) Bonds may be sold at either competitive or negotiated sale in such manner as the Commission may determine.
(d) In connection with the issuance of any Bonds, the Commission may enter into credit enhancement or liquidity agreements with such terms, conditions, covenants, and agreements as the Commission may authorize by resolution.
(e) In connection with the issuance of any Bonds, the Commission may designate and enter into agreements with such trustees, remarketing agents, placement agents, and other service providers as the Commission may determine.
