Section 67604 Of Article 5. Acquisition, Construction, Completion, Improvement, Betterment, And Extension Of The Regional Transit Terminal From California Government Code >> Title 7.8. >> Chapter 3. >> Article 5.
67604
. The authority may insure against any accident to or
destruction of the regional transit terminal or any part thereof. Any
money collected on such insurance shall be used for the purpose of
repairing or rebuilding the facility or any part thereof damaged,
injured or destroyed, or for the retirement of any bonds issued by
the authority as may be set forth in the indenture authorizing the
issuance of the bonds.