Section 54522 Of Article 6. Duties Of Local Agencies From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 6. >> Article 6.
54522
. The local agency shall cause to be published a summary
statement showing the amount of gross revenues and the amount of all
other funds collected which are required to be pledged or otherwise
made available as security for payment of the principal of and
interest on the bonds, the disbursements from such revenues and other
funds in reasonable detail, and a general statement of the financial
and physical condition of the enterprise. The statement shall be
published annually, not more than 120 days after the close of each
fiscal year. The local agency shall furnish a copy of the statement
to any bondholder upon request.