GroundRules
GOV § 54432
Where this section sits in the code
- Government Code - GOV
- TITLE 5. LOCAL AGENCIES [50001. - 57607.]
- DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 55821.]
- PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 54999.7.]
- CHAPTER 6. Revenue Bond Law of 1941 [54300. - 54700.]
- ARTICLE 4. Provisions Relating to Bonds [54400. - 54435.]
Every bond shall recite in substance that the principal of and interest on the bond are payable solely from the revenues and other funds pledged or otherwise made available to its payment and that the local agency is not obligated to pay it except from the revenues of the enterprise and from such other funds.
Collected 2026-09-14T05:56:33Z. Source file · JSON