Section 485.3 Of Article 4. Appropriation, Security, Sale And Funds From California Military And Veterans Code >> Division 2. >> Part 1. >> Chapter 10. >> Article 4.
485.3
. The revenues shall be pledged first to the payment of the
principal of and interest on the revenue bonds and to all funds
created for the further security of such revenue bonds, including
reserve fund, sinking fund, and all other payments required to be
made in connection with the revenue bonds.