The revenues and any interest earned on the revenues constitute a trust fund for the security and payment of the interest on and principal of the bonds.
Cal. Gov. Code § 50666.2
Limited Obligation Bonds
Added by Stats. 1985, Ch. 320, Sec. 2.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.