California Legal Codes and Statutes

§ 50715

Added by Stats. 1957, Ch. 2066.

The board shall issue revenue bonds in the name of the local agency. These bonds shall constitute obligations of the project only, and neither the payment of the principal or interest of any such bond constitutes a debt, liability or obligation of the local agency or of the State of California. All bonds issued by the board shall contain a recital on their face that neither the payment of the principal or any part thereof nor any interest thereon constitutes a debt, liability or obligation of the local agency or of the State.

Cite this section

Cal. Gov. Code § 50715 (2026)
https://ca.codecond.com/codes/gov/title-5-local-agencies/division-1-cities-and-counties/part-1-powers-and-duties-common-to-cities-and-counties/chapter-3-5-revenue-bonds-for-public-improvements/article-2-revenue-bonds/section-50715

Other sections in Article 2 - Revenue Bonds

§ 50715§ 50716§ 50717§ 50718§ 50719§ 50720§ 50721§ 50722§ 50723§ 50724…§ 50744§ 50745§ 50746§ 50747§ 50748§ 50749§ 50750§ 50751§ 50752§ 50753

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.