BlackletterCalifornia law

Government Code § 67552

ARTICLE 4. Revenue Bonds

Current as of September 28, 2026Gov. Code, § 67552Official source ↗

Amended by Stats. 1979, Ch. 1079.

The commission shall issue bonds in its name. These bonds shall constitute obligations of the commission only, and neither the payment of the principal of any such bond nor the payment of interest thereon constitutes a debt, liability, or obligation of any county, city, city and county, district, or political subdivision, or of the State of California. All bonds issued by the commission shall contain a recital on their face that neither the payment of the principal, or any part thereof, nor the payment of any interest thereon constitutes a debt, liability, or obligation of any county, city, city and county, district, or political subdivision, or of the State of California.