California § 31163 - Funding or refunding bonds shall not constitute a debt or obligation of the state
Full text of California Public Contract Code - PCC § 31163 — Funding or refunding bonds shall not constitute a debt or obligation of the state, with citation guidance and answers to common questions.
§ 31163. Funding or refunding bonds shall not constitute a debt or obligation of the state
Funding or refunding bonds shall not constitute a debt or obligation of the state or of El Dorado County, but shall be bonds of the authority of the same character and payable from the same funds as other bonds authorized pursuant to this chapter. Any and all reserve or other funds applicable to the payment of the bonds funded or refunded, may, if so directed by the authority, be transferred to any reserve or other funds provided with respect to the funding or refunding bonds. The pledge of the tolls and other revenues to be received from the operation of the toll tunnel to the payment of outstanding bonds shall not be lessened, diminished, or affected in any way by the issuance of such funding or refunding bonds.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 31163
What does Public Contract Code - PCC § 31163 cover?
Section 31163 ("Funding or refunding bonds shall not constitute a debt or obligation of the state") 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 § 31163?
A common citation format is "Public Contract Code - PCC § 31163" (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 § 31163 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.