California Statutes
§ 15445. — 15445. (Amended by Stats. 2014, Ch. 261, Sec. 5.)
California·Code GOV Government Code - GOV·Div. 3.·Title 2. DIVISION 3. EXECUTIVE DEPARTMENT·Part 7.2. PART 7.2. HEALTH FACILITIES FINANCING AUTHORITY ACT
All moneys received pursuant to this part, whether as proceeds from selling or incurring revenue bonds or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this part. Until the funds are applied as provided in this part, and notwithstanding any other provision of law, the moneys may be invested in any obligations or securities authorized by resolutions of the authority authorizing the issuance of the bonds. Any officer with whom, or any bank or trust company with which, the moneys are deposited shall act as trustee of the moneys and shall hold and apply the moneys for
the purposes hereof, subject to any regulations adopted pursuant to this part and the resolution authorizing the issuance of the bonds or the indenture or trust agreement securi
Free access — add to your briefcase to read the full text and ask questions with AI
California § 15445. (15445. (Amended by Stats. 2014, Ch. 261, Sec. 5.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2014, Ch. 261, Sec. 5. (SB 1463) Effective January 1, 2015.