BlackletterCalifornia law

Government Code § 54420

ARTICLE 4. Provisions Relating to Bonds

Current as of September 28, 2026Gov. Code, § 54420Official source ↗

Amended by Stats. 1953, Ch. 526.

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.