Cal. Sts. & Hy. Code § 35432

Current through the 2024 Legislative Session.
Section 35432 - Bonds secured by net revenues from parking meters

The bonds issued under Section 35430 to provide additional public parking facilities for the district may in part be secured by those net revenues from parking meters on public ways within the district which were allocated and pledged to the payment of bonds previously issued to the extent the allocation and pledge of such revenues to the payment of the additional bonds is not prohibited by the ordinance, resolution or indenture providing for the bonds previously issued.

Ca. Sts. and High. Code § 35432

Added by Stats. 1961, Ch. 1870.