§ 54432
55 words·~1 min read·
/ca/government-code/54432A 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 and other funds pledged or otherwise made available to its payment and that the local agency is not obligated to pay it except from the revenues of the enterprise and from such other funds.