California Law (Last Updated: March 4, 2014) |
Military and Veterans Code - MVC |
Division 2. THE MILITARY FORCES OF THE STATE |
Part 1. THE STATE MILITIA |
Chapter 10. California National Guard Members’ Revenue Bond Act of 1978 |
ARTICLE 3. Provisions of Resolution of Issuance and Supplemental Resolutions |
Section 483.9.
Latest version.
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A resolution of issuance may provide that the revenue bonds issued thereunder and the interest thereon shall be secured by all or part of the revenues or the proceeds of sale of the revenue bonds, or both, and may establish a lien upon the revenues or proceeds as the department, with the approval of the California National Guard Finance Committee, shall determine.
(Amended by Stats. 1981, Ch. 920, Sec. 12.)