Section 490.5 Of Article 8. Miscellaneous From California Military And Veterans Code >> Division 2. >> Part 1. >> Chapter 10. >> Article 8.
490.5
. The department may include in the proceedings authorizing
the issuance of revenue bonds any provisions not inconsistent with
this chapter which limit, restrict, or regulate the holding, deposit,
investment, and application of money consisting of the proceeds from
the sale of the revenue bonds or the revenues or other income
received from the pledged contracts entered into by the department
with California National Guard members, and such provisions shall
constitute a contract with the holders of the revenue bonds and shall
be binding upon the department and all other officers, officials,
and agencies of the State of California and upon the state so long as
any of the revenue bonds are outstanding.