CA Gov't Code Section 15824

Any resolutions authorizing any certificates may contain provisions which are part of the contract with the state agency as to:


Pledging all or any of the revenues, rentals, or receipts of the authority from specific properties.


The construction or acquisition of any public building and the duties of the board with reference thereto.


The terms and provisions of the certificates.


Limitations on the purposes to which the proceeds of the certificates, then or thereafter to be issued may be applied.


The rate of rentals and other charges for use of the public buildings of, or for the services rendered by, the board, including limitations upon the power of the board to modify any leases or other agreements pursuant to which any rentals or other charges are payable.


The setting aside of reserves or sinking funds and the regulation and disposition of them.


Limitations on the issuance of additional certificates or revenue bonds.


Any other agreements with the certificate holders.
Last Updated

Aug. 19, 2023

§ 15824’s source at ca​.gov