A. Government Code Section 54342 is amended to read, for purposes of inclusion in the enterprise revenue bond law: A local agency may operate, maintain, repair or manage all or any part of any enterprise, including the leasing of any enterprise for commercial purposes.

B. The enterprise revenue bond law shall not include Government Code Sections 54380 through 54303 or 54418, or any sections which may hereafter be added to the Revenue Bond Law of 1941 or any other legislative enactment of the California state legislature which is not codified in the Revenue Bond Law of 1941 but which is made applicable to the Revenue Bond Law of 1941 and imposing any requirement of voter approval in connection with any proposed issuance of enterprise revenue bonds pursuant to the Revenue Bond Law of 1941 or the enterprise revenue bond law.

C. Government Code Section 54416 is amended to read, for purposes of inclusion in the enterprise revenue bond law: The legislative body may issue and sell the bonds in the manner it determines, at public or private sale, at or below par, and at the interest rate or rates fixed by the original purchaser or purchasers and approved by the legislative body or by any other person to whom such approval authority is delegated by resolution of the legislative body. (Ord. 3787 § 1, 1997)