§ 6552
49 words·~1 min read·
/ca/government-code/6552A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All bonds issued by the entity shall contain a recital on their face that neither the payment of the principal or any part thereof nor any interest thereon constitutes a debt, liability or obligation of any of the public agencies who are parties to the agreement creating such entity.