Cal. Government Code § 15443
Cal. Government Code § 15443
California · California Government Code · Status: effective · Effective 2015-01-01
Cite this
- Citation
- Cal. Government Code § 15443, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/838078
- Permanent ID
ys:prov:838078@1- SHA-256
bcedf1aa70ee5db0a4f58614163acbf73e9941c2afc7976d878997fed90d7580
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Revenue bonds issued under the provisions of this part shall not be deemed to constitute a debt or liability of the state or of a political subdivision thereof or a pledge of the faith and credit of the state or of that political subdivision, other than the authority, but shall be payable solely from the funds herein provided. These bonds shall contain a statement to the effect that neither the State of California nor the authority shall be obligated to pay the principal of, or the interest thereon, except from revenues of the authority, and that neither the faith and credit nor the taxing power of the State of California or of a political subdivision thereof is pledged to the payment of the principal of or the interest on these bonds. The issuance of revenue bonds under the provisions of this part shall not directly or indirectly or contingently obligate the state or a political subdivision thereof to levy or to pledge a form of taxation whatever therefor or to make an appropriation for their payment.