§ 40592. — 40592. (Added by Stats. 1963, Ch. 1227.)

California § 40592.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Div.: 3.
• Title 4.: DIVISION 3. OFFICERS
• Part 2.: PART 2. LEGISLATIVE BODY
• Ch. 19.: CHAPTER 19. Surplus United States Property
• Art. 8.: ARTICLE 8. Financial

Text

The commission shall establish and collect rentals, which, with the proceeds of sales, will yield an amount sufficient:
(a)
To pay the costs of administration and operation of the authority;
(b)
To pay the costs of maintaining, operating and improving its properties;
(c)
To pay the interest on its contracts or bonds;
(d)
To provide a fund for the principal of its contracts and bonds as they come due.

Legislative History

Added by Stats. 1963, Ch. 1227.