{"code":"GOV","codeName":"Government Code","section":"54420","citation":"Gov. Code, § 54420","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 5. LOCAL AGENCIES [50001. - 57607.]","url":"https://blackletter.si/government-code/title-5"},{"name":"DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 55821.]","url":"https://blackletter.si/government-code/title-5/division-2"},{"name":"PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 54999.7.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1"},{"name":"CHAPTER 6. Revenue Bond Law of 1941 [54300. - 54700.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-6"},{"name":"ARTICLE 4. Provisions Relating to Bonds [54400. - 54435.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-6/article-4"}],"history":"Amended by Stats. 1953, Ch. 526.","effective":null,"html":"<p>The bonds are special obligations of the local agency and are secured by a pledge of and shall be a charge upon, and shall be payable, as to the principal thereof, interest thereon, and any premiums upon the redemption of any thereof, solely from and secured by a lien upon the gross revenues of the enterprise and such funds as are described in the resolution authorizing the issuance of the bonds.</p>","text":"The bonds are special obligations of the local agency and are secured by a pledge of and shall be a charge upon, and shall be payable, as to the principal thereof, interest thereon, and any premiums upon the redemption of any thereof, solely from and secured by a lien upon the gross revenues of the enterprise and such funds as are described in the resolution authorizing the issuance of the bonds.","otherVersions":[],"url":"https://blackletter.si/government-code/provisions-relating-to-bonds-54420","source":"California Legislative Information bulk export (pubinfo)"}