Home/California/Statutes/Code GOV: Government 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/§ 54432.
California Statutes

§ 54432. — 54432. (Amended by Stats. 1953, Ch. 526.)

California § 54432.
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 § 54432. (54432. (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 § 54432. (2026).

Text

Every bond shall recite in substance that the principal of and interest on the bond are payable solely from the revenues and other funds pledged or otherwise made available to its payment and that the local agency is not obligated to pay it except from the revenues of the enterprise and from such other funds.

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Legislative History

Amended by Stats. 1953, Ch. 526.
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California § 54432., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/54432..