California § 32204. 32204. (Added by Stats. 1983, Ch. 1264, Sec. 1.)

California Statutes

§ 32204. — 32204. (Added by Stats. 1983, Ch. 1264, Sec. 1.)

California·Code PRC Public Resources Code - PRC·Div. 22. DIVISION 22. CALIFORNIA URBAN WATERFRONT AREA RESTORATION FINANCING AUTHORITY ACT·Ch. 5. CHAPTER 5. Construction and Leases of Facilities

All moneys received pursuant to this division, whether as proceeds from the sale of bonds, notes, or other evidence of indebtedness or as revenues, are trust funds to be held and applied solely as provided in this division.
Any bank or trust company with which the moneys are deposited shall act as trustee of these moneys and shall hold and apply them for the purposes of this division, subject to the resolution authorizing the bonds of any issue or the trust  agreements securing the bonds provide.

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All moneys received pursuant to this division, whether as proceeds from the sale of bonds, notes, or other evidence of indebtedness or as revenues, are trust funds to be held and applied solely as provided in this division.
Any bank or trust company with which the moneys are deposited shall act as trustee of these moneys and shall hold and apply them for the purposes of this division, subject to the resolution authorizing the bonds of any issue or the trust agreements securing the bonds provide.

California § 32204. (32204. (Added by Stats. 1983, Ch. 1264, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added by Stats. 1983, Ch. 1264, Sec. 1.

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