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§ 54423 — California Law | CourtGPT
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  5. Title 5 - Local Agencies/
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  7. Part 1 - Powers and Duties Common to Cities, Counties, and Other Agencies/
  8. Chapter 6 - Revenue Bond Law of 1941/
  9. Article 4 - Provisions Relating to Bonds/
  10. § 54423
California Legal Code

§ 54423

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54423. 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.(Amended by Stats. 1953, Ch. 526.)