California Legal Codes and Statutes

§ 50667

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

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.

Cite this section

Cal. Gov. Code § 50667 (2026)
https://ca.codecond.com/codes/gov/title-5-local-agencies/division-1-cities-and-counties/part-1-powers-and-duties-common-to-cities-and-counties/chapter-3-bonds/article-4-limited-obligation-bonds/section-50667

Other sections in Article 4 - Limited Obligation Bonds

§ 50665.1§ 50665.2§ 50665.3§ 50665.4§ 50665.5§ 50665.6§ 50665.7§ 50665.8§ 50665.9§ 50665.10…§ 50669.3§ 50669.4§ 50669.5§ 50669.6§ 50669.7§ 50669.8§ 50670§ 50670.1§ 50670.3§ 50670.4

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