Section 33116 Of Chapter 5. Revenue Bonds From California Streets And Highways Code >> Division 18. >> Part 2. >> Chapter 5.
33116
. The authority may provide for the making of a covenant
requiring the authority to fix, prescribe and collect, with respect
to any or all properties, any revenues of which are charged with the
payment of any bonds in connection with which such covenant is made,
fees, tolls, rentals or other charges in connection with the services
and facilities furnished from any such properties operated by it,
and to fix and collect rentals or other charges for any such
properties leased by it to others for operation, sufficient, with
such parking meter revenues or other funds as may have been made
available for and charged with such payment, to pay the principal of
and interest on such bonds as they become due and payable, together
with all expenses of operation, maintenance and repair of such
facilities and properties, and with such additional sums as may be
required for any sinking fund, reserve fund or other special fund
provided for the further security of such bonds or as a depreciation
charge or other charge in connection with such facilities and
properties, and all other charges payable out of any revenues charged
with the payment of the bonds.
The authority may also provide for the making of a covenant
requiring the fixing and prescribing by it and the collection by any
lessee or operator of any or all facilities and properties, any
revenues of which are charged with the payment of any bonds in
connection with which such covenant is made, of all fees, tolls,
rentals, or other charges in connection with the services and
facilities furnished by such lessee or operator, sufficient to assure
the payment by such lessee or operator to such authority of the
rentals or other charges payable by such lessee or operator to such
authority.