Cal. Gov. Code § 16785

Current through the 2023 Legislative Session.
Section 16785 - Refunding bonds valid and binding obligations

Refunding bonds shall be valid and binding obligations of the State of California, and the full faith and credit of the State of California shall be pledged for the punctual payment of the principal of and interest on the bonds as the principal and interest become due and payable.

Ca. Gov. Code § 16785

Added by Stats. 1987, Ch. 1030, Sec. 3.