California Government Code

§ 54432

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

GOV § 54432Div. 2 · Title 5 · Part 1 · Ch. 6 · Art. 4

Statute text

View on leginfo.ca.gov

Every bond shall recite in substance that the principal of and interest on the bond are payable solely from the revenues and other funds pledged or otherwise made available to its payment and that the local agency is not obligated to pay it except from the revenues of the enterprise and from such other funds.

Legislative history

Amended by Stats. 1953, Ch. 526.