California § 5854. 5854. (Added by Stats. 1997, Ch. 38, Sec. 3.)

California Statutes

§ 5854. — 5854. (Added by Stats. 1997, Ch. 38, Sec. 3.)

California § 5854.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.6.

Title 1.DIVISION 6. PUBLIC BONDS AND OBLIGATIONS

Ch. 10.5.CHAPTER 10.5. General Bond Provisions

This text of California § 5854. (5854. (Added by Stats. 1997, Ch. 38, Sec. 3.)) 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 § 5854. (2026).

Text

Section 3 of Article XIII
C of the California Constitution, as adopted at the November 5, 1996, general election, shall not be construed to mean that any owner or beneficial owner of a municipal security, purchased before or after that date, assumes the risk of, or in any way consents to, any action by initiative measure that constitutes an impairment of contractual rights protected by Section 10 of Article I of the United States Constitution.

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Section 3 of Article XIII
C of the California Constitution, as adopted at the November 5, 1996, general election, shall not be construed to mean that any owner or beneficial owner of a municipal security, purchased before or after that date, assumes the risk of, or in any way consents to, any action by initiative measure that constitutes an impairment of contractual rights protected by Section 10 of Article I of the United States Constitution.

Legislative History

Added by Stats. 1997, Ch. 38, Sec. 3. Effective July 1, 1997.

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California § 5854., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/5854..