Section 67633 Of Article 9. Funds From California Government Code >> Title 7.8. >> Chapter 3. >> Article 9.
67633
. The commission shall, in any indenture, designate a trustee
or fiscal agent, which shall be a bank or trust company, or banks or
trust companies, duly qualified to do business in this state, to
receive the proceeds of such bonds and to hold the same separate and
apart from all other funds of the commission. Such moneys shall be
paid out and disbursed as provided in the indenture.