So long as any bonds or interest thereon are unpaid following their maturity, the revenues or the designated portion and interest thereon shall not be used for any other purpose.
Cal. Pub. Util. Code § 99330
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.