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Earlier editions: 2020-112018-112026-09

DIVISION 7. WATER QUALITY 13000-16201›CHAPTER 6. State Financial Assistance 13400-13444›ARTICLE 2.5. Guarantees for Local Agency Bonds 13425-13433

§ 13431

California Water Code · 2026-10 edition · updated 2026-10-04 · California

Under no circumstances shall the amount paid out as a result of bond guarantees extended pursuant to this article exceed the amount in the Clean Water Bond Guarantee Fund. This article does not express or imply any commitment by the state board or any other agency of the state to pay any money or levy any charge or tax or otherwise exercise its faith and credit on behalf of any local agency or bondholder beyond the funds in the Clean Water Bond Guarantee Fund.

(Added by Stats. 1988, Ch. 47, Sec. 1. Effective March 18, 1988.)

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