California § 54431. 54431. (Amended by Stats. 1953, Ch. 526.)

California Statutes

§ 54431. — 54431. (Amended by Stats. 1953, Ch. 526.)

California § 54431.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.2.

Title 5.DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES

Part 1.PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES

Ch. 6.CHAPTER 6. Revenue Bond Law of 1941

Art. 4.ARTICLE 4. Provisions Relating to Bonds

This text of California § 54431. (54431. (Amended by Stats. 1953, Ch. 526.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 54431. (2026).

Text

The principal of and interest on the bonds and any premiums upon the redemption of any thereof are not a debt of the local agency, nor a legal or equitable pledge, charge, lien, or encumbrance, upon any of its property, or upon any of its income, receipts, or revenues except the revenues of the enterprise and other funds that may be legally applied, pledged, or otherwise made available to their payment.

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The principal of and interest on the bonds and any premiums upon the redemption of any thereof are not a debt of the local agency, nor a legal or equitable pledge, charge, lien, or encumbrance, upon any of its property, or upon any of its income, receipts, or revenues except the revenues of the enterprise and other funds that may be legally applied, pledged, or otherwise made available to their payment.

Legislative History

Amended by Stats. 1953, Ch. 526.

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California § 54431., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/54431..