Cal. Wat. Code § 13431

Current through the 2023 Legislative Session.

Section 13431 - Amount paid out as result of bond guarantees not in excess of amount in fund

Under no circumstances shall the amount paid out as a result of bond guarantees extended pursuant to this article exceed the amount in the Clean Water Bond Guarantee Fund. This article does not express or imply any commitment by the state board or any other agency of the state to pay any money or levy any charge or tax or otherwise exercise its faith and credit on behalf of any local agency or bondholder beyond the funds in the Clean Water Bond Guarantee Fund.

Ca. Water Code § 13431

Added by Stats. 1988, Ch. 47, Sec. 1. Effective March 18, 1988.