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HomePublic Utilities CodeDiv. 10Pt. 11Ch. 4Art. 7§ 99356 County Bond Revenue Trust

§ 99356 County Bond Revenue Trust

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

§ 99356 County Bond Revenue Trust

Key Takeaways

  • •The county must keep bond money safe for the people who own the bonds.
  • •The county can only use this money to pay back the bonds and the interest on them.
  • •The county has to follow the rules set when the bonds were created.

Example

Imagine the county sells bonds to build a new school.

The money from those bonds must be kept safe and can only be used to pay back the people who bought the bonds, plus any extra money (interest) they were promised. The county can't use this money for anything else, like fixing roads.

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

Official Source
View on CA.gov

§ 99356 County Bond Revenue Trust

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 by Stats. 1971, Ch. 1400.)

Last verified: January 23, 2026

Key Terms

resolutionagreementbenefitthe countyissuance

Related Statutes

  • § 99349 County Bond Payment Obligations
  • § 99323 Revenue Bond Payment Limits
  • § 99326 County Bond Revenue Security
  • § 99339 Bond Authorization Contract Provisions
  • § 99351 Bond Payment Priority Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 99356.
View Official Source