Cal. Bus. & Prof. Code § 19608.5

Current through the 2023 Legislative Session.
Section 19608.5 - Pledging of funds for repayment of principal and interest on bonds issued by joint powers agency

All revenues payable to the state and deposited in a separate account in the fund pursuant to Section 19606.1 that are allocated by the Secretary of Food and Agriculture for the purposes of paragraph (1) of subdivision (a) of Section 19606.1 are hereby pledged for the repayment of the principal of, and interest on, bonds issued by a joint powers agency, or of other debt service or expense incurred for the purposes described in that paragraph (1).

Ca. Bus. and Prof'l. Code § 19608.5

Amended by Stats 2000 ch 1082 (SB 2054), s 96, eff. 1/1/2001.