Section 67612 Of Article 6. Rents, Rates, Fees, And Charges From California Government Code >> Title 7.8. >> Chapter 3. >> Article 6.
67612
. All rates, rents, fees, and charges shall comply with the
provisions of any applicable indenture. The bond redemption and
interest payments shall, to the extent provided in the indenture,
constitute a first, direct and exclusive charge and lien on all such
rates, rents, fees, charges, and other revenues and interest thereon
received from the use and operation of the regional transit terminal,
and on any sinking or other funds created therefrom; and all such
rates, rents, fees, charges, and other revenues, together with
interest thereon, shall constitute a trust fund for the security and
payment of such bonds and, except as and to the extent provided in
the indenture with respect to the payment therefrom of expenses for
other purposes including administration, operation, maintenance,
improvements or extensions of the regional transit terminal or other
purposes, shall not be used or pledged for any other purpose so long
as such bonds, or any of them, are outstanding and unpaid.