§ 67633
68 words·~1 min read·
/ca/government-code/67633A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The commission shall, in any indenture, designate a trustee or fiscal agent, which shall be a bank or trust company, or banks or trust companies, duly qualified to do business in this state, to receive the proceeds of such bonds and to hold the same separate and apart from all other funds of the commission. Such moneys shall be paid out and disbursed as provided in the indenture.