§ 33811
70 words·~1 min read·
/ca/health-and-safety-code/33811A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Legislature further finds and declares that unless supplemental sources of revenue for the payment of such indebtedness can be established, a substantial portion of such indebtedness will not be repaid, which will include the default of bonds and the breach of contractual obligations, and that if such defaults and breaches of contract occur, the credit and future borrowing capacity of both local agencies and the state may be impaired.