§ 11721
73 words·~1 min read·
/ca/water-code/11721A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Bonds issued under this part shall not constitute or be a debt, liability, or obligation of the State. Payment of both principal and interest of all such bonds shall be secured only by the rates, charges, and revenues established or accruing from the use or operation of the project and shall be made from such revenues or from such contributions or appropriations as may be made available under the terms of this part.