Pub. Util. Code, § 3442 · Part 4. GOLDEN STATE ENERGY FINANCING POWER
Pub. Util. Code, § 3442
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Golden State Energy indebtedness shall not be deemed to constitute a debt or liability of the state or of any political subdivision thereof, or a pledge of the faith and credit of the state or of any political subdivision of the state.
(b) Golden State Energy indebtedness shall be payable solely from the funds available to it.
(c) The issuance of indebtedness shall not directly, indirectly, or contingently obligate the state or any other political subdivision of the state to levy or pledge any form of taxation or to make any appropriation for its repayment.
Notes and commentary — not statutory text
History
Added by Stats. 2020, Ch. 27, Sec. 12. (SB 350) Effective January 1, 2021.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=3442.
- Text hash
- sha256 37858483539d5b4cc3fd575d16f7f0e4ac3a659b23d54867c97316ad345d9c91
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.