Section 90074 Of Article 2. The State University Revenue Bond Act Of 1947 From California Education Code >> Division 8. >> Title 3. >> Part 55. >> Chapter 8. >> Article 2.
90074
. To the extent and in the manner provided in the indenture or
in a resolution authorizing the issuance of notes, all revenues
received from the operation of any project acquired or constructed by
the board under the provisions of this article shall be transmitted
by the board at least once in every calendar month, to the Treasurer.
On order of the Controller, the Treasurer shall deposit the revenues
in the State Treasury to the credit of the California State
University Dormitory Revenue Fund, which fund is hereby created.
Moneys in the California State University Dormitory Revenue Fund
shall be used to pay the costs of operation and maintenance of the
projects authorized by this article, including refunds authorized by
Section 90069, to provide the amounts required for interest and
redemption of notes and bonds as provided in this article, and for
any other purposes authorized by resolution of the board, subject to
any restrictions provided by law, a resolution authorizing the
issuance of notes, or the indenture.