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Section 33651 Of Article 5. Agency Bonds From California Health And Safety Code >> Division 24. >> Part 1. >> Chapter 6. >> Article 5.

33651
. An agency may:
  (a) Pledge all or any part of its gross or net rents, fees, or revenues to which its right then exists or may thereafter come into existence.
  (b) Encumber by mortgage, deed of trust, or otherwise all or any part of its real or personal property, then owned or thereafter acquired.