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HomeEducation CodeDiv. 8Pt. 55Ch. 8Art. 2§ 90051 Project Revenue Bond Security

§ 90051 Project Revenue Bond Security

Education Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 90051 Project Revenue Bond Security

Key Takeaways

  • •The government can use money from a project to pay back loans or bonds.
  • •They can decide to use all or just some of the project's money to pay back what they owe.
  • •The money from the project is like a promise to pay back the loan.

Example

A city builds a new park using borrowed money.

The city can use the money made from park fees or events to pay back the loan. They might use all the park's money or just part of it to make sure the loan gets paid.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 90051 Project Revenue Bond Security

The board may provide that notes or bonds and the interest thereon shall be secured by all or by part of revenues of a project upon the basis of which the notes or bonds are issued or authorized to be issued, and shall constitute a lien upon the revenues of the project as may be provided for in the notes or in any indenture. (Amended by Stats. 1988, Ch. 740, Sec. 23.)

Last verified: January 23, 2026

Key Terms

lienthe boardsecurity

Related Statutes

  • § 90016 Revenue Bond Issuance Rules
  • § 90025 Bond Security Lien Protection
  • § 90049 Bond Security And Redemption
  • § 90070 Competitive Project Revenue Protections
  • § 90018 Revenue Bond Indenture Terms

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 90051.
View Official Source