All expenses incurred in carrying out this division shall be payable solely from funds provided under the authority of this division, and no liability or obligation shall be imposed upon the State of California and, except as provided in Section 32116, none shall be incurred by the authority beyond the extent to which money shall have been provided under this division. Under no circumstance shall the authority create any debt, liability, or obligation on the part of the State of California payable from any source other than the moneys provided under this division.
Cal. Pub. Res. Code § 32061
Funds: Security for Payment of Bonds: Accounts: Deposits: Investments: Interest and Other Increments
Known as the California Urban Waterfront Area Restoration Financing Authority Act
The act spans §§ 32000–32208 (64 sections).
Added by Stats. 1983, Ch. 1264, 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.