SECTIONS 40591-40592 - California Statutes

GOVERNMENT CODE

SECTION 40591-40592

40591. It is the intention of this chapter that the authority shall
pay all of the costs that it may incur from revenues derived from
the sale, leasing and operation of the property.

40592. 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.