Statute · California Government Code
Cal. Gov't Code § 54426 — Provisions Relating to Bonds
Cal. Gov't Code § 54426
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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.
Citator
Cal. Gov't Code § 54426 — Provisions Relating to Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
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.