Cal. Gov. Code § 50667

Current through the 2023 Legislative Session.

Section 50667 - Recitation in bonds that principal and interest paid solely from revenues pledged

Every bond shall recite in substance that the principal of, and interest on, the bond are payable solely from the revenues pledged to the payment of the principal and interest and that the local agency is not obligated to pay the principal or interest except from the pledged revenues.

Ca. Gov. Code § 50667

Added by Stats. 1985, Ch. 320, Sec. 2.