Cal. Pub. Util. Code § 13135
Obligation to Bondholders
Redline — January 1, 2011 → current.View current text →
Current — January 1, 2013
As of January 1, 2011
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.
No indebtedness payable out of revenues shall be created in contravention of the provisions 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.