California § 64119. 64119. (Amended by Stats. 2013, Ch. 198, Sec. 12.)

California Statutes

§ 64119. — 64119. (Amended by Stats. 2013, Ch. 198, Sec. 12.)

California § 64119.

Code GOVGovernment Code - GOV

Div.3.

Title 6.7.DIVISION 3. CALIFORNIA TRANSPORTATION FINANCING AUTHORITY

This text of California § 64119. (64119. (Amended by Stats. 2013, Ch. 198, Sec. 12.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 64119. (2026).

Text

All moneys received pursuant to this division, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this division. Until the funds are applied as provided in this division, and notwithstanding any other provision of law, the moneys may be invested in any obligations or securities authorized by resolution authorizing the issuance of the bonds or indenture or trust agreement securing 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 division, and the resolution authorizing the issuance of
						the bonds or the in

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All moneys received pursuant to this division, whether as proceeds from the sale of bonds or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this division. Until the funds are applied as provided in this division, and notwithstanding any other provision of law, the moneys may be invested in any obligations or securities authorized by resolution authorizing the issuance of the bonds or indenture or trust agreement securing 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 division, and the resolution authorizing the issuance of
the bonds or the indenture or trust agreement securing the bonds.

Legislative History

Amended by Stats. 2013, Ch. 198, Sec. 12. (AB 1070) Effective January 1, 2014.

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Bluebook (online)

California § 64119., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/64119..