Additional Powers to Secure Bonds
Known as the Revenue Bond Law
The act spans §§ 54300 to 54700 (157 sections).
Added by Stats. 1949, Ch. 81.
The legislative body may provide for the amount and kind of insurance on the enterprise including insurance against:
(a) Accident to or destruction of any enterprise from any or all risks.
(b) Loss of revenues from an enterprise.
(c) Public liability or property damage and workmen’s compensation.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.