TITLE 4. GOVERNMENT OF CITIES 34000-45345›DIVISION 3. OFFICERS 36501-41805›PART 2. LEGISLATIVE BODY 36801-40592›CHAPTER 19. Surplus United States Property 40500-40592›ARTICLE 8. Financial 40591-40592
§ 40592
California Government Code · 2020-11 edition · updated 2026-10-04 · California
The commission shall establish and collect rentals, which, with the proceeds of sales, will yield an amount sufficient:
(a) To pay the costs of administration and operation of the authority;
(b) To pay the costs of maintaining, operating and improving its properties;
(c) To pay the interest on its contracts or bonds;
(d) To provide a fund for the principal of its contracts and bonds as they come due.
(Added by Stats. 1963, Ch. 1227.)
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