Home/California/Statutes/Code WAT: Water Code - WAT/Div. 7.: DIVISION 7. WATER QUALITY/Ch. 6.: CHAPTER 6. State Financial Assistance/Art. 2.5.: ARTICLE 2.5. Guarantees for Local Agency Bonds/§ 13431.
California Statutes

§ 13431. — 13431. (Added by Stats. 1988, Ch. 47, Sec. 1.)

California § 13431.
JurisdictionCalifornia
Code WATWater Code - WAT
Div. 7.DIVISION 7. WATER QUALITY
Ch. 6.CHAPTER 6. State Financial Assistance
Art. 2.5.ARTICLE 2.5. Guarantees for Local Agency Bonds

This text of California § 13431. (13431. (Added by Stats. 1988, Ch. 47, Sec. 1.)) 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. Water Code - WAT Code § 13431. (2026).

Text

Under no circumstances shall the amount paid out as a result of bond guarantees extended pursuant to this article exceed the amount in the Clean Water Bond Guarantee Fund. This article does not express or imply any commitment by the state board or any other agency of the state to pay any money or levy any charge or tax or otherwise exercise its faith and credit on behalf of any local agency or bondholder beyond the funds in the Clean Water Bond Guarantee Fund.

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Legislative History

Added by Stats. 1988, Ch. 47, Sec. 1. Effective March 18, 1988.
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California § 13431., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/WAT/13431..