§ 50667
49 words·~1 min read·
/ca/government-code/50667A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.