California § 130540 - Bonds issued under this chapter do not constitute a debt or liability of the stat
Full text of California Public Contract Code - PCC § 130540 — Bonds issued under this chapter do not constitute a debt or liability of the stat, with citation guidance and answers to common questions.
§ 130540. Bonds issued under this chapter do not constitute a debt or liability of the stat
(a) Bonds issued under this chapter do not constitute a debt or liability of the state or of any other public agency, other than the commission, or a pledge of the faith and credit of the state or of any other public agency, other than the commission, but shall be payable solely from the funds provided therefor. All the bonds shall contain on the face thereof a statement to the following effect: âNeither the faith and credit nor the taxing power of the State of California or any public agency, other than the Los Angeles County Transportation Commission, is pledged to the payment of the principal of, or interest on, this bond.â (b) The issuance of bonds under 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.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 130540
What does Public Contract Code - PCC § 130540 cover?
Section 130540 ("Bonds issued under this chapter do not constitute a debt or liability of the stat") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 130540?
A common citation format is "Public Contract Code - PCC § 130540" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 130540 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.