California § 92264 - Bonds issued under this title shall not be deemed to constitute a debt or liabili
Full text of California Public Contract Code - PCC § 92264 — Bonds issued under this title shall not be deemed to constitute a debt or liabili, with citation guidance and answers to common questions.
§ 92264. Bonds issued under this title shall not be deemed to constitute a debt or liabili
Bonds issued under this title shall not be deemed to constitute a debt or liability of the state or of any political subdivision thereof, other than the commission, or a pledge of the faith and credit of the state or of any such political subdivision, other than the commission, but shall be payable solely from the funds herein 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 local agency is pledged to the payment of the principal of or interest on this bond.â The issuance of bonds under this title shall not directly or indirectly or contingently obligate the state or any political subdivision thereof to levy, or to pledge any form of, taxation therefor or to make any appropriation for their payment. Nothing in this section shall prevent, or be construed to prevent, the commission from pledging its full faith and credit to the payment of bonds or issue of bonds authorized pursuant to this title.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 92264
What does Public Contract Code - PCC § 92264 cover?
Section 92264 ("Bonds issued under this title shall not be deemed to constitute a debt or liabili") 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 § 92264?
A common citation format is "Public Contract Code - PCC § 92264" (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 § 92264 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.