California · Water Code
WAT §31707.1: No bonded debt and no lien therefor is created or exists as to authorized bonds prior to issuance.
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No bonded debt and no lien therefor is created or exists as to authorized bonds prior to issuance. Upon issuance a debt is created only as to the bonds issued and a lien is created therefor but only upon the property which on the date of bond issuance is then within the district or improvement districts therein benefited by the bonded debt.
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