Section 26397 Of Article 7. Funds From California Government Code >> Division 2. >> Title 3. >> Part 2. >> Chapter 14. >> Article 7.
26397
. All revenues received from the operation of the project
acquired, constructed or completed by the board shall be paid into
the county treasury to the credit of either an enterprise fund or a
special revenue fund established for the particular project for which
the bonds were authorized. The moneys shall be utilized for:
(a) Payment of the principal and interest on all bonds issued by
the board for the particular project producing the revenue as and
when the principal and interest become due.
(b) The creation of any reserve provided by the board in the
proceedings for the issuance of the bonds.
(c) The payment of all costs and expenses incurred in connection
with the project.