Statute · California Government Code
Cal. Gov't Code § 54423 — Provisions Relating to Bonds
Cal. Gov't Code § 54423
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Gov't Code § 54423 — Provisions Relating to Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
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.