Cal. Gov. Code § 54426

Current through the 2023 Legislative Session.

Section 54426 - Payment of principal and interest prior to maintenance and operation costs

In its discretion the legislative body may provide in the resolution providing for the issuance of the bonds that, the principal, interest, and sums for other security funds shall be paid from the revenues prior to paying the maintenance and operation costs of the enterprise.

Ca. Gov. Code § 54426

Amended by Stats. 1963, Ch. 1104.