California Public Utilities Code 99323 – The bonds and the resolution providing for their issuance shall state …
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The bonds and the resolution providing for their issuance shall state that they are limited obligation bonds payable solely from the revenues.
(Added by Stats. 1971, Ch. 1400.)
Terms Used In California Public Utilities Code 99323
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- State: means the State of California, unless applied to the different parts of the United States. See California Public Utilities Code 17