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Cal. Gov. Code § 50666.3

Limited Obligation Bonds

Added by Stats. 1985, Ch. 320, Sec. 2.

So long as any bonds or interest thereon are unpaid following their maturity, the revenues and interest thereon shall not be used for any other purpose.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.