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California Code, Government Code - GOV § 67633

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

The commission shall, in any indenture, designate a trustee or fiscal agent, which shall be a bank or trust company, or banks or trust companies, duly qualified to do business in this state, to receive the proceeds of such bonds and to hold the same separate and apart from all other funds of the commission.  Such moneys shall be paid out and disbursed as provided in the indenture.

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Cite this article: FindLaw.com - California Code, Government Code - GOV § 67633 - last updated January 01, 2025 | https://codes.findlaw.com/ca/government-code/gov-sect-67633/

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