California Water Code 11707 – While any bonds remain outstanding, the powers, duties or existence …
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While any bonds remain outstanding, the powers, duties or existence of the department or any official or agency of the State shall not be diminished or impaired in any manner that will affect adversely the interests and rights of the holders of the bonds.
(Amended by Stats. 1957, Ch. 1932.)
Terms Used In California Water Code 11707
- bonds: means revenue bonds, notes, refunding bonds, refunding notes, bond anticipation notes, certificates of indebtedness, and other evidences of indebtedness payable from the sources provided in this chapter. See California Water Code 11700
- State: means the State of California, unless applied to the different parts of the United States. See California Water Code 18