California · Harbors and Navigation Code - HNC

HNC §6939.5: This bonded indebtedness may be created solely for the purpose of providing funds for the acquisition, construction, improvement, or extension of revenue-producing harbor improvements of a self-liquid

What this law says, in plain English

This statute permits the creation of bonded indebtedness specifically for acquiring, constructing, improving, or extending revenue-producing harbor improvements.

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This bonded indebtedness may be created solely for the purpose of providing funds for the acquisition, construction, improvement, or extension of revenue-producing harbor improvements of a self-liquidating character.

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