California Government Code 50666.2 – The revenues and any interest earned on the revenues constitute a …
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The revenues and any interest earned on the revenues constitute a trust fund for the security and payment of the interest on and principal of the bonds.
(Added by Stats. 1985, Ch. 320, Sec. 2.)
Terms Used In California Government Code 50666.2
- Revenues: include the proceeds of ad valorem taxes on real property levied by, or allocated to, the local agency, and the proceeds of sales and use taxes. See California Government Code 50665.1