Health and Safety Code section 51002

Subject to any agreements with holders of particular bonds, revenue derived pursuant to this part from property improvement loans and mortgage loans shall be deposited in a special account, which shall be used exclusively for the amortization of debt and the protection of the underlying security, until current debt service and reserves are funded.

Source: Section 51002, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=51002. (updated Jan. 1, 1979; accessed Jun. 16, 2025).

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Up to date

Verified:
Jun. 16, 2025

§ 51002's source at ca.gov

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Location: https://california.public.law/codes/health_and_safety_code_section_51002

Original Source: Section 51002, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=51002. (last accessed May 12, 2025).