Section 31707.1 Of Chapter 2. Main Tax Procedure From California Water Code >> Division 12. >> Part 7. >> Chapter 2.

. No bonded debt and no lien therefor is created or exists as to authorized bonds prior to issuance. Upon issuance a debt is created only as to the bonds issued and a lien is created therefor but only upon the property which on the date of bond issuance is then within the district or improvement districts therein benefited by the bonded debt.