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2021 California Code
Health and Safety Code - HSC
DIVISION 31 - HOUSING AND HOME FINANCE
PART 5 - LOCAL HOUSING FINANCE AGENCIES
CHAPTER 4 - Revenue Bonds
Section 52043.
Universal Citation:
CA Health & Safety Code § 52043 (2021)
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52043.
All moneys received pursuant to the provisions of this part, whether revenues or proceeds from the sale of revenue bonds or proceeds of mortgage insurance or guarantee claims, shall be deemed to be trust funds to be held and applied solely for the purposes of this part. Any bank or trust company in which such moneys are deposited shall act as trustee of such moneys and shall hold and apply the same for the purposes specified in this part, subject to the terms of the resolution authorizing the revenue bonds.
(Added by Stats. 1979, Ch. 1069.)
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