Statute · California Health and Safety Code

Cal. Health & Safety Code § 51002 — Financial Provisions

Cal. Health & Safety Code § 51002

Type
Statute
Source
California Health and Safety Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

Subject to any agreements with holders of particular bonds, revenue derived pursuant to this part from property improvement loans and mortgage loans shall be deposited in a special account, which shall be used exclusively for the amortization of debt and the protection of the underlying…

Citator

Cal. Health & Safety Code § 51002 — Financial Provisions is in force in the current edition of the Code, and nothing recorded condemns it.

Subject to any agreements with holders of particular bonds, revenue derived pursuant to this part from property improvement loans and mortgage loans shall be deposited in a special account, which shall be used exclusively for the amortization of debt and the protection of the underlying security, until current debt service and reserves are funded.