Cal. Gov. Code § 6552

Current through the 2023 Legislative Session.

Section 6552 - Payment of principal and interest not debt, liability or obligation of parties to agreement

All bonds issued by the entity 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 any of the public agencies who are parties to the agreement creating such entity.

Ca. Gov. Code § 6552

Added by Stats. 1955, Ch. 329.