§ 16785
49 words·~1 min read·
/ca/government-code/16785A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Refunding bonds shall be valid and binding obligations of the State of California, and the full faith and credit of the State of California shall be pledged for the punctual payment of the principal of and interest on the bonds as the principal and interest become due and payable.