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Cal. Pub. Util. Code § 13135

Obligation to Bondholders

Showing this section's text as in effect on January 1, 2011 (in force January 1, 2011 – January 1, 2013). View current text →

No indebtedness payable out of revenues shall be created in contravention of the provision of any resolutions heretofore adopted by the board in connection with the authorization of any bonds payable out of revenues.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.