Section 53390.3 Of Article 5. Senior Obligation Bonds From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 2.7. >> Article 5.
53390.3
. The legislative body or any person executing the bonds
shall not be personally liable on the bonds by reason of their
issuance. The bonds and other obligations of a district issued
pursuant to this chapter are not a debt of the city, county, or
state, or any of its political subdivisions, and those entities are
not liable on the bonds and the bonds or obligations are not payable
out of any funds or properties other than those of the district. The
bonds shall contain a statement of that fact on their face. The bonds
do not constitute an indebtedness within the meaning of any
constitutional or statutory debt limitation.