The commission shall take no action which will materially impair the security pledged for any bonds which it has previously issued.
Cal. Pub. Util. Code § 130538.5
Bonds and Notes
Known as the Los Angeles County Transportation Commission Revenue Bond Act
The act spans §§ 130500–130553 (37 sections).
Added by Stats. 1984, Ch. 1646, 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.