California Government Code

§ 50668.7

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

GOV § 50668.7Div. 1 · Title 5 · Part 1 · Ch. 3 · Art. 4

Statute text

View on leginfo.ca.gov

The local agency shall hold in trust the revenues pledged to the payment of the principal of and interest on the bonds for the benefit of the bondholders and shall apply the same pursuant to the resolution authorizing the issuance of the bonds or to the resolution as modified.

Legislative history

Added by Stats. 1985, Ch. 320, Sec. 2.