Section 1003.7 Of Article 4. Appropriation, Security, Sale, And Funds From California Military And Veterans Code >> Division 4. >> Chapter 7. >> Article 4.
1003.7
. All revenues to be received by the department from pledged
contracts shall be directly, concurrently and exclusively pledged to
the payment of debentures, and all such revenues shall remain so
pledged until all of the debentures are fully paid or sufficient
funds have been accumulated and are legally available for the payment
thereof.