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California Code, Government Code - GOV § 54420

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - California Code, Government Code - GOV § 54420 - last updated January 01, 2025 | https://codes.findlaw.com/ca/government-code/gov-sect-54420/

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