371 chapters · 7,566 sections in this title.
Pub. Util. Code § 99355 Section 99355
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In order to fully preserve and protect the priority and security of the bonds, the county shall pay from the special account in the local transportation fund and discharge all lawful claims for labor, materials and supplies, which if unpaid may become a lien or charge upon the de…
Pub. Util. Code § 99356 Section 99356
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The county shall hold in trust the revenues pledged to the payment of the principal of and interest on the bonds for the benefit of the bondholders and shall apply the same pursuant to the resolution authorizing the issuance of the bonds or to the resolution as modified. (Added b…
Pub. Util. Code § 99357 Section 99357
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The county may invest funds held in reserve, or in any sinking fund, or funds not required for immediate disbursement, in property or securities in which counties may legally invest funds subject to their control. No such investment shall be made in contravention of any covenant …
Pub. Util. Code § 99358 Section 99358
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The county shall keep proper books of record and accounts of the revenues, separate from all other records and accounts, in which complete and correct entries shall be made of all transactions relating to the revenues. (Added by Stats. 1971, Ch. 1400.)