DIVISION 14.5. Blue Ribbon Committee for the Rehabilitation of Clear Lake 22085-22092›CHAPTER 19. Fusion Research and Development Innovation Initiative 25997-25997.7›ARTICLE 4. Construction and Leases of Facilities 26030-26037

§ 26033

California Public Resources Code · 2026-09 edition · updated 2026-09-27 · California

All moneys received pursuant to the provisions of this division, whether as proceeds from the sale of bonds, notes, or other evidences of indebtedness or as revenues, or as fees received by the authority, shall be deemed to be trust funds to be held and applied solely as provided in this division. Any bank or trust company with which such moneys shall be deposited shall act as trustee of such moneys and shall hold and apply the same for the purposes hereof, subject to such regulations as the resolution authorizing the bonds of any issue or the trust agreements securing such bonds may provide.

(Amended by Stats. 2012, Ch. 677, Sec. 30. (SB 1128) Effective January 1, 2013.)

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California Public Resources Code

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