Government Code section 54701.3

Rental and lease revenues derived from rental housing for employees shall be the sole revenues of the local agency pledged for the repayment of bonds issued pursuant to this chapter. A local agency may appropriate funds from whatever source derived to the repayment of bonds issued pursuant to this chapter.

Source: Section 54701.3, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=54701.3. (updated Jan. 1, 1981; accessed Jun. 25, 2025).

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Up to date

Verified:
Jun. 30, 2025

§ 54701.3's source at ca.gov

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Location: https://california.public.law/codes/government_code_section_54701.3

Original Source: Section 54701.3, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=54701.3. (last accessed May 12, 2025).