California · Military and Veterans Code - MVC

MVC §483.9: A resolution of issuance may provide that the revenue bonds issued thereunder and the interest thereon shall be secured by all or part of the revenues or the proceeds of sale of the revenue bonds, or

What this law says, in plain English

A resolution authorizing revenue bonds may specify that the bonds and their interest are secured by bond revenues or sale proceeds.

Read the full statutory text

A resolution of issuance may provide that the revenue bonds issued thereunder and the interest thereon shall be secured by all or part of the revenues or the proceeds of sale of the revenue bonds, or both, and may establish a lien upon the revenues or proceeds as the department, with the approval of the California National Guard Finance Committee, shall determine.

Verify at the official source: California legislative text

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