California Military and Veterans Code

§ 1003.7

MVC § 1003.7Div. 4 · Ch. 7 · Art. 4

Statute text

All revenues to be received by the department from pledged contracts shall be directly, concurrently and exclusively pledged to the payment of debentures, and all such revenues shall remain so pledged until all of the debentures are fully paid or sufficient funds have been accumulated and are legally available for the payment thereof.

Legislative history

Added by Stats. 1970, Ch. 1488.