Section 15816 Of Chapter 3. Construction And Leasing Of Public Buildings From California Government Code >> Division 3. >> Title 2. >> Part 10b. >> Chapter 3.
15816
. (a) When any public building has been acquired or
constructed by the board, and the revenues, rentals, or receipts from
the operation of the public building are no longer required or
pledged for the payment of principal or interest on any of the
certificates or revenue bonds of the board undertaken under this
part, the public building shall be under the jurisdiction of, and
operated and maintained by, the state agency that had jurisdiction of
the property prior to the board's financing of the public building.
(b) If at any time funds are available by law to retire any
certificates or revenue bonds issued to defray the cost of any public
building, these funds shall be applied to the redemption of
certificates or revenue bonds secured by the rentals and revenues
from that public building.