California · Military and Veterans Code - MVC

MVC §484.3: A resolution of issuance may include provisions requiring, permitting, restricting, or governing the deposit and investment of funds established for the security of revenue bonds issued thereunder, an

What this law says, in plain English

A bond issuance resolution may include terms about how funds held as security for revenue bonds can be deposited and invested.

Read the full statutory text

A resolution of issuance may include provisions requiring, permitting, restricting, or governing the deposit and investment of funds established for the security of revenue bonds issued thereunder, and requiring that such deposits be secured or specifying the type of security required for such deposits irrespective of any law authorizing or permitting such deposit or investment of public funds generally.

Verify at the official source: California legislative text

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