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. Pub. Util. Code § 99329
Limited Obligation Bonds
Known as the Mills-Alquist-Deddeh Act
The act spans §§ 99200–99420 (261 sections).
Added by Stats. 1971, Ch. 1400.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.