California Government Code 16785 – Refunding bonds shall be valid and binding obligations of the State …
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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.
(Added by Stats. 1987, Ch. 1030, Sec. 3.)
Terms Used In California Government Code 16785
- State: means the State of California, unless applied to the different parts of the United States. See California Government Code 18