California Water Code 13431 – Under no circumstances shall the amount paid out as a result of bond …
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Under no circumstances shall the amount paid out as a result of bond guarantees extended pursuant to this article exceed the amount in the Clean Water Bond Guarantee Fund. This article does not express or imply any commitment by the state board or any other agency of the state to pay any money or levy any charge or tax or otherwise exercise its faith and credit on behalf of any local agency or bondholder beyond the funds in the Clean Water Bond Guarantee Fund.
(Added by Stats. 1988, Ch. 47, Sec. 1. Effective March 18, 1988.)
Terms Used In California Water Code 13431
- Fund: means the State Water Quality Control Fund. See California Water Code 13400
- State: means the State of California, unless applied to the different parts of the United States. See California Water Code 18
- State board: means the State Water Resources Control Board. See California Water Code 13050