Cal. Health & Saf. Code § 51002
Current through the 2023 Legislative Session.
Subject to any agreements with holders of particular bonds, revenue derived pursuant to this part from property improvement loans and mortgage loans shall be deposited in a special account, which shall be used exclusively for the amortization of debt and the protection of the underlying security, until current debt service and reserves are funded.
Ca. Health and Saf. Code § 51002