TITLE 5. LOCAL AGENCIES 50001-57607›DIVISION 1. CITIES AND COUNTIES 50001-52203›PART 1. POWERS AND DUTIES COMMON TO CITIES AND COUNTIES 50001-51298.5›CHAPTER 3.5. Revenue Bonds for Public Improvements 50701-50798.4›ARTICLE 2. Revenue Bonds 50715-50753

§ 50715

California Government Code · 2020-11 edition · updated 2026-10-04 · California

The board shall issue revenue bonds in the name of the local agency. These bonds shall constitute obligations of the project only, and neither the payment of the principal or interest of any such bond constitutes a debt, liability or obligation of the local agency or of the State of California. All bonds issued by the board shall contain a recital on their face that neither the payment of the principal or any part thereof nor any interest thereon constitutes a debt, liability or obligation of the local agency or of the State.

(Added by Stats. 1957, Ch. 2066.)

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California Government Code

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