Section 31071.5 Of Chapter 4.6. State-owned Toll Bridge Seismic Retrofit Financing Act Of 2001 From California Streets And Highways Code >> Division 17. >> Chapter 4.6.
31071.5
. (a) Bonds issued under this chapter may not be deemed to
constitute a debt or liability of the state or of any political
subdivision thereof, other than the bank, or a pledge of the faith
and credit of the state or of any political subdivision thereof, but
shall be payable solely from the account, and the assets of the
account, and the security provided by the account. All bonds issued
under this chapter shall contain on the face of the bonds a statement
to this effect.
(b) Notwithstanding any other provision of law, Article 3
(commencing with Section 63040) of, Article 4 (commencing with 63042)
of, and Article 5 (commencing with Section 63043) of Chapter 2 of
Division 1 of Title 6.7 of the Government Code do not apply to any
financing provided by the bank to, or at the request of, the
department in connection with the account.