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DIVISION 6. CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES 10000-12999›PART 3. CENTRAL VALLEY PROJECT 11100-11985›CHAPTER 8. Bonds 11700-11784›ARTICLE 3. Payment from Revenue 11720-11723

§ 11721

California Water Code · 2026-09 edition · updated 2026-10-03 · California

Bonds issued under this part shall not constitute or be a debt, liability, or obligation of the State. Payment of both principal and interest of all such bonds shall be secured only by the rates, charges, and revenues established or accruing from the use or operation of the project and shall be made from such revenues or from such contributions or appropriations as may be made available under the terms of this part.

(Added by Stats. 1943, Ch. 370.)

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California Water Code

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