{"code":"GOV","codeName":"Government Code","section":"40592","citation":"Gov. Code, ยง 40592","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 4. GOVERNMENT OF CITIES [34000. - 45345.]","url":"https://blackletter.si/government-code/title-4"},{"name":"DIVISION 3. OFFICERS [36501. - 41805.]","url":"https://blackletter.si/government-code/title-4/division-3"},{"name":"PART 2. LEGISLATIVE BODY [36801. - 40592.]","url":"https://blackletter.si/government-code/title-4/division-3/part-2"},{"name":"CHAPTER 19. Surplus United States Property [40500. - 40592.]","url":"https://blackletter.si/government-code/title-4/division-3/part-2/chapter-19"},{"name":"ARTICLE 8. Financial [40591. - 40592.]","url":"https://blackletter.si/government-code/title-4/division-3/part-2/chapter-19/article-8"}],"history":"Added by Stats. 1963, Ch. 1227.","effective":null,"html":"

The commission shall establish and collect rentals, which, with the proceeds of sales, will yield an amount sufficient:

(a) To pay the costs of administration and operation of the authority;

(b) To pay the costs of maintaining, operating and improving its properties;

(c) To pay the interest on its contracts or bonds;

(d) To provide a fund for the principal of its contracts and bonds as they come due.

","text":"The commission shall establish and collect rentals, which, with the proceeds of sales, will yield an amount sufficient: (a) To pay the costs of administration and operation of the authority; (b) To pay the costs of maintaining, operating and improving its properties; (c) To pay the interest on its contracts or bonds; (d) To provide a fund for the principal of its contracts and bonds as they come due.","otherVersions":[],"url":"https://blackletter.si/government-code/financial-40592","source":"California Legislative Information bulk export (pubinfo)"}