Section 55818 Of Part 3. Authorities From California Government Code >> Division 2. >> Title 5. >> Part 3.
55818
. (a) Bonds issued pursuant to this chapter do not constitute
a debt or liability of the state or of any other public agency, other
than the authority issuing the bonds, or a pledge of the faith and
credit of the state or of any other public agency, other than the
issuing authority, but shall be payable solely from the funds
provided therefor. All of the bonds shall contain on the face thereof
a statement to the following effect:
"Neither the faith and credit nor the taxing power of the State of
California or any public agency, other than the (name of the issuing
authority), is pledged to the payment of the principal of or
interest on this bond."
(b) The issuance of bonds pursuant to this chapter does not in any
manner obligate the state or any other public agency thereof to
levy, or to pledge, any form of taxation therefor or to make any
appropriation for their payment.