Section 15830 Of Chapter 5. Revenue Bonds From California Government Code >> Division 3. >> Title 2. >> Part 10b. >> Chapter 5.
15830
. The bonds issued to finance the construction of a public
building or buildings pursuant to this part shall be special
obligations of this state secured solely by the revenues, rentals, or
receipts received from the operation of the public building or
buildings financed by such bonds.
No bond issued or sold pursuant to this part shall be or become a
lien, charge, or liability against the State of California or against
its property or funds except to the extent of the pledges expressly
made by this part. Every bond issued pursuant to this part shall
contain a recital on the face thereof stating that neither the
payment of the principal nor any part thereof, nor any interest
thereon, constitutes a debt, liability, or general obligation of the
State of California other than as provided in this part. The board
has no power at any time or in any manner to pledge the credit or
taxing power of the state, other than as provided in this part.