California · Water Code
WAT §11721: Bonds issued under this part shall not constitute or be a debt, liability, or obligation of the State.
What this law says, in plain English
State bonds issued under this part do not create a debt, liability, or obligation of the State.
Read the full statutory text
Bonds issued under this part shall not constitute or be a debt, liability, or obligation of the State. Payment of both principal and interest of all such bonds shall be secured only by the rates, charges, and revenues established or accruing from the use or operation of the project and shall be made from such revenues or from such contributions or appropriations as may be made available under the terms of this part.
Verify at the official source: California legislative text
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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.