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California · Through 2026-09-13

GOV § 50715

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Where this section sits in the code
  1. Government Code - GOV
  2. TITLE 5. LOCAL AGENCIES [50001. - 57607.]
  3. DIVISION 1. CITIES AND COUNTIES [50001. - 52203.]
  4. PART 1. POWERS AND DUTIES COMMON TO CITIES AND COUNTIES [50001. - 51299.4.]
  5. CHAPTER 3.5. Revenue Bonds for Public Improvements [50701. - 50798.4.]
  6. ARTICLE 2. Revenue Bonds [50715. - 50753.]

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.

Collected 2026-09-14T05:56:33Z. Source file · JSON

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