California · Public Utilities Code - PUC
PUC §13135: No indebtedness payable out of revenues shall be created in contravention of the provisions of any resolutions heretofore adopted by the board in connection with the authorization of any bonds payable
What this law says, in plain English
Debt paid from revenues cannot be created if it violates board resolutions that authorized bonds.
Read the full statutory text
No indebtedness payable out of revenues shall be created in contravention of the provisions of any resolutions heretofore adopted by the board in connection with the authorization of any bonds payable out of revenues.
Verify at the official source: California legislative text
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