Government Code section 54423

The revenues and any interest earned on the revenues and all other funds specified in the resolution authorizing the issuance of the bonds constitute a trust fund for the security and payment of the interest on and principal of the bonds.

Source: Section 54423, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=54423. (updated Jan. 1, 1953; accessed Jun. 23, 2025).

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Jun. 23, 2025

§ 54423's source at ca.gov

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Location: https://california.public.law/codes/government_code_section_54423

Original Source: Section 54423, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=54423. (last accessed May 12, 2025).