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DIVISION 20.7. SANTA MONICA BAY RESTORATION 30988-30988.3›CHAPTER 5. Construction and Leases of Facilities 32200-32208

§ 32204

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

All moneys received pursuant to this division, whether as proceeds from the sale of bonds, notes, or other evidence of indebtedness or as revenues, are trust funds to be held and applied solely as provided in this division.

Any bank or trust company with which the moneys are deposited shall act as trustee of these moneys and shall hold and apply them for the purposes of this division, subject to the resolution authorizing the bonds of any issue or the trust agreements securing the bonds provide.

(Added by Stats. 1983, Ch. 1264, Sec. 1.)

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California Public Resources Code

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