If any board provides that the principal, interest, or both of any bonds or any portion of the principal, interest, or both shall be payable solely from designated revenue, neither the district nor any officer thereof shall be held for payment otherwise.

(Amended by Stats. 1991, Ch. 1226, Sec. 58.)

Terms Used In California Water Code 25245

  • bonds: includes both construction and refunding bonds except as otherwise expressly provided. See California Water Code 25200
  • revenue: means all or any part of any source or sources of payment excluding assessments but including the proceeds of any existing or proposed contract or contracts. See California Water Code 25240
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