The regents may insure against loss of revenues from any cause whatsoever and the proceeds of any such insurance shall be used solely for the payment of bonds and the interest on the bonds.
Cal. Educ. Code § 92446
Powers of Regents
Applied in 1 court decision — leading case 804 F. Supp. 614 - Ciba-Geigy Corp. v. Alza Corp. (1992)
Most recently applied in 804 F. Supp. 614 - Ciba-Geigy Corp. v. Alza Corp. (October 1992)
Enacted by Stats. 1976, Ch. 1010.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.