§ 55112
39 words·~1 min read·
/ca/health-and-safety-code/55112A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The local agency may create one or more bond reserve accounts to secure payments of the principal of, and interest and sinking fund payments on, any bonds or any issuance thereof, as specified in the resolution authorizing the bonds.