California Legal Codes and Statutes

§ 54423

Amended by Stats. 1953, Ch. 526.

The revenues and any interest earned on the revenues and all other funds specified in the resolution authorizing the issuance of the bonds constitute a trust fund for the security and payment of the interest on and principal of the bonds.

Cite this section

Cal. Gov. Code § 54423 (2026)
https://ca.codecond.com/codes/gov/title-5-local-agencies/division-2-cities-counties-and-other-agencies/part-1-powers-and-duties-common-to-cities-counties-and-other-agencies/chapter-6-revenue-bond-law-of-1941/article-4-provisions-relating-to-bonds/section-54423

Other sections in Article 4 - Provisions Relating to Bonds

§ 54400§ 54401§ 54402§ 54403§ 54404§ 54405§ 54406§ 54407§ 54408§ 54409…§ 54424§ 54425§ 54426§ 54427§ 54428§ 54429§ 54430§ 54431§ 54432§ 54435

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