California § 92307. 92307. (Added by Stats. 1982, Ch. 1553, Sec. 2.)

California Statutes

§ 92307. — 92307. (Added by Stats. 1982, Ch. 1553, Sec. 2.)

California·Code GOV Government Code - GOV·Title 11. TITLE 11. CALIFORNIA PASSENGER RAIL FINANCING COMMISSION ACT·Ch. 6. CHAPTER 6. Construction and Lease of Facilities

All money received pursuant to this title, whether as proceeds from the sale of bonds, notes, or other evidences of indebtedness or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this title.
Any bank or trust company with which the money is deposited shall act as trustee of the money and shall hold and apply it for the purposes hereof, subject to  the resolution authorizing the bonds of any issue or the trust agreement securing the bonds may provide.

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All money received pursuant to this title, whether as proceeds from the sale of bonds, notes, or other evidences of indebtedness or as revenues, shall be deemed to be trust funds to be held and applied solely as provided in this title.
Any bank or trust company with which the money is deposited shall act as trustee of the money and shall hold and apply it for the purposes hereof, subject to the resolution authorizing the bonds of any issue or the trust agreement securing the bonds may provide.

California § 92307. (92307. (Added by Stats. 1982, Ch. 1553, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Stats. 1982, Ch. 1553, Sec. 2.

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