Section 35429 Of Chapter 3. Bonds, Acquisitions And Improvements From California Streets And Highways Code >> Division 18. >> Part 4. >> Chapter 3.
35429
. After the bonds and all interest thereon have been fully
paid, or prior thereto to the extent permitted by express provision
of the ordinance, resolution, or indenture providing for the issuance
of the bonds, all revenues derived from the operation of the parking
facilities and not required for the operation and maintenance of the
facilities may be used for the further improvement of the facilities
for the benefit of the district, as the parking place commission of
the district may decide. Any excess revenues shall be paid into the
general fund of the city or the fees and charges reduced so that
there will be no excessive revenue.