Cal. Gov. Code § 54423

Current through the 2023 Legislative Session.

Section 54423 - Trust fund for security and payment

The revenues and any interest earned on the revenues and all other funds specified in the resolution authorizing the issuance of the bonds constitute a trust fund for the security and payment of the interest on and principal of the bonds.

Ca. Gov. Code § 54423

Amended by Stats. 1953, Ch. 526.