Section 33120 Of Chapter 5. Revenue Bonds From California Streets And Highways Code >> Division 18. >> Part 2. >> Chapter 5.

. The authority may provide for the making of a covenant requiring it to carry insurance on any facilities or properties any revenues of which are charged with the payment of any bonds in connection with which such covenant is made, or any operations incident thereto, specifying or limiting the kind, amount and character of such insurance, and providing for the use and disposition of the proceeds of any such insurance thereafter collected.