California § 33746 - Bonds issued pursuant to this chapter shall be repayable solely from payments of
Full text of California Public Contract Code - PCC § 33746 — Bonds issued pursuant to this chapter shall be repayable solely from payments of, with citation guidance and answers to common questions.
§ 33746. Bonds issued pursuant to this chapter shall be repayable solely from payments of
(a) Bonds issued pursuant to this chapter shall be repayable solely from payments of principal and interest on account of the loans funded thereby. The agency may pledge all or any portion of these payments to secure the bonds. (b) Neither the members of the agency nor any person executing the bonds shall be personally liable on the bonds or be subject to any personal liability or accountability by reason of the issuance thereof. (c) The exercise of the powers granted by this chapter shall be in all respects for the benefit of the people of this state and for their health and welfare. Any bonds issued under this chapter, their transfer, and income therefrom shall at all times be free from taxation of every kind by the state and by the municipalities and political subdivisions of the state, except estate taxes. (d) This chapter provides an alternative method for issuing bonds and lending moneys for acquisition of multifamily rental housing by private nonprofit organizations.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 33746
What does Public Contract Code - PCC § 33746 cover?
Section 33746 ("Bonds issued pursuant to this chapter shall be repayable solely from payments of") 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 § 33746?
A common citation format is "Public Contract Code - PCC § 33746" (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 § 33746 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.