California Government Code

§ 54702.4

GOV § 54702.4Div. 2 · Title 5 · Part 1 · Ch. 6.3 · Art. 3

Statute text

Any resolution or resolutions authorizing any bonds or any issue of bonds may contain provisions respecting any of the following terms and conditions, which shall be a part of the contract with the holders of the bonds:

(a)The pledge of all or any part of the rental and lease revenues, subject to such agreements with bondholders as may then exist.

(b)The setting aside of reserves or sinking funds and the regulation and disposition thereof.

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Legislative history

Added by Stats. 1981, Ch. 1092, Sec. 1.