§ 33652 Agency Revenue And Property Restrictions

• •An agency can promise not to use its money (like rents or fees) for other debts.
• •It can promise not to use its property (like buildings or land) as a guarantee for loans.
• •It can agree not to sell or lease its projects without following certain rules.
• •It can set limits on how much more debt it can take on.

A city agency owns a parking lot and collects money from parking fees.

The agency can promise not to use the parking fees to pay off other debts. It can also promise not to sell the parking lot without following certain rules. This way, the money and property stay safe for their original use.