Section 11720 Of Article 3. Payment From Revenue From California Water Code >> Division 6. >> Part 3. >> Chapter 8. >> Article 3.
11720
. Bonds issued under this part shall contain a recital on the
face thereof that the payment or redemption of the bonds and the
payment of interest thereon is secured by a first and direct charge
and lien upon the revenues of any nature whatever received from the
operation of the Central Valley Project for the construction of which
the bonds are issued and that neither the payment of the principal
or any part thereof or any interest thereon constitutes a debt,
liability, or obligation of the State of California.