California Health and Safety Code

§ 33811

HSC § 33811Div. 24 · Part 1 · Ch. 9 · Art. 2

Statute text

The Legislature further finds and declares that unless supplemental sources of revenue for the payment of such indebtedness can be established, a substantial portion of such indebtedness will not be repaid, which will include the default of bonds and the breach of contractual obligations, and that if such defaults and breaches of contract occur, the credit and future borrowing capacity of both local agencies and the state may be impaired.

Legislative history

Added by Stats. 1979, Ch. 29.