Cal. Gov. Code § 50720

Current through the 2023 Legislative Session.

Section 50720 - Clause requiring continuous operation of project by board

An indenture may include a clause relating to the bonds issued thereunder requiring the board to continuously operate all improvements acquired, constructed, or completed, in whole or in part, from the proceeds of the bonds in an efficient and economical manner.

Ca. Gov. Code § 50720

Added by Stats. 1957, Ch. 2066.