Section 8790.27.  


Latest version.
  • The board, as additional security for the lease, may agree to pledge and assign all or any portion of any moneys as may be legally available from time to time, to secure payments of the bonds to a fiscal agent, the treasurer, or to a trustee in trust for the persons entitled thereto.

(Added by Stats. 1987, Ch. 432, Sec. 10. Effective September 3, 1987.)