Wat. Code, § 36341 · Article 3. Miscellaneous Provisions
Wat. Code, § 36341
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The face of each revenue bond shall state:
(a) That the payment or redemption of the bond and the payment of the interest thereon is secured solely by a first and direct charge and lien upon all or the portion, as prescribed by the district by order or by contract, of the revenues pledged therefor.
(b) That neither the payment of all or any part of the principal or interest thereon is a general debt, liability, or obligation of the district.
(c) That the bond is subject to call and redemption prior to maturity, if the board has so provided.
Notes and commentary — not statutory text
History
Amended by Stats. 1980, Ch. 6, Sec. 12. Effective February 4, 1980.
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=WAT§ionNum=36341.
- Text hash
- sha256 c04345673a2e6efad52c2672cb85a55be02f581effb28b72b1584c0c1921342e
- 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.