Section 54421 Of Article 4. Provisions Relating To Bonds From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 6. >> Article 4.
54421
. By resolution the legislative body may pledge, place a
charge upon, and assign all or any part of the gross revenues of the
enterprise and of any and all funds referred to in Section 54478 for
the security of the bonds. The gross revenues of the enterprise
include revenues of improvements and extensions later constructed or
acquired and revenues of existing systems, plants, works, or
undertakings to be improved or extended or for the improvement or
extension of which the bonds are to be issued.