BlackletterCalifornia law

Government Code § 54426

ARTICLE 4. Provisions Relating to Bonds

Current as of September 28, 2026Gov. Code, § 54426Official source ↗

Amended by Stats. 1963, Ch. 1104.

In its discretion the legislative body may provide in the resolution providing for the issuance of the bonds that, the principal, interest, and sums for other security funds shall be paid from the revenues prior to paying the maintenance and operation costs of the enterprise.