An authority established pursuant to Section 1700 shall deposit into an infrastructure fund established by the authority all of the following:
(a) Any federal, state, or private grants received by the authority directly or by assignment or other transfer from the state, any member, or any other public body.
(b) Any other money of, or received by, the authority, which the authority determines to deposit in the infrastructure fund.
(c) Any public trust revenues deposited into an infrastructure account shall continue to be public trust assets subject to Section 6306 of the Public Resources Code.
(Added by Stats. 1992, Ch. 1235, Sec. 3. Effective January 1, 1993.)
Last modified: October 25, 2018