All revenues and income received from the sale or operation of said property, after providing for administration, maintenance and operation costs, shall be used and may be pledged to pay the principal of the purchase price and the interest to accrue thereon, or any bonds issued by it therefor.
Cal. Gov. Code § 40573
Co-operation
Known as the Municipal Federal Surplus Property Authority Law
The act spans §§ 40500–40592 (80 sections).
Added by Stats. 1963, Ch. 1227.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.