Any obligations arising from the reimbursement agreement are not a debt of the local agency, or a legal or equitable pledge, charge, lien, or encumbrance upon any of its property, or upon any of its income, receipts, or revenues, except the revenues arising from the contingent assessments or levies made pursuant to the financing act levied within the district and specificially designated for that purpose.
Cal. Gov. Code § 53192
Reimbursement Agreements
Known as the Integrated Financing District Act
The act spans §§ 53175–53199 (36 sections).
Added by Stats. 1986, Ch. 1512, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.