Statute · California Public Utilities Code

Cal. Pub. Util. Code § 99355 — Limited Obligation Bonds

Cal. Pub. Util. Code § 99355

Type
Statute
Source
California Public Utilities Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

In order to fully preserve and protect the priority and security of the bonds, the county shall pay from the special account in the local transportation fund and discharge all lawful claims for labor, materials and supplies, which if unpaid may become a lien or charge upon the designated…

Citator

Cal. Pub. Util. Code § 99355 — Limited Obligation Bonds is in force in the current edition of the Code, and nothing recorded condemns it.

In order to fully preserve and protect the priority and security of the bonds, the county shall pay from the special account in the local transportation fund and discharge all lawful claims for labor, materials and supplies, which if unpaid may become a lien or charge upon the designated revenues prior or superior to the lien of the bonds or impair the security of the bonds.