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2018 California Code
Streets and Highways Code - SHC
DIVISION 17 - TOLL FACILITIES AND RELATED MATTERS
CHAPTER 5 - El Dorado County Toll Tunnel Authority Act
ARTICLE 4 - Bonds
Section 31151.
Universal Citation: CA St & Hwy Code § 31151 (2018)
31151.
The authority may include in the proceedings authorizing the issuance of bonds any provisions not inconsistent with this chapter which limit, restrict, or regulate the holding, deposit, investment, and application of money consisting of the proceeds from the sale of the bonds or the tolls and other revenues received from the operation of the toll tunnel, and such provisions shall constitute a contract with the holders of the bonds and be binding upon the authority as long as the bonds are outstanding.
(Added by Stats. 1968, Ch. 923.)
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