Section 483.4 Of Article 3. Provisions Of Resolution Of Issuance And Supplemental Resolutions From California Military And Veterans Code >> Division 2. >> Part 1. >> Chapter 10. >> Article 3.
483.4
. A resolution of issuance may include provisions establishing
the amount and terms of purchase contracts to be held in trust in
relation to the revenue bonds that are outstanding, including the
setting of both maximum and minimum required levels in terms of
percentages or otherwise, and such provisions may also:
(a) Prescribe the method for setting the value of any outstanding
purchase contracts;
(b) Continue authorization for the department to withdraw purchase
contracts or other assets in excess of the maximum required level;
and
(c) Permit substitution of purchase contracts or other security
under appropriate limitations.