Statute · California Public Resources Code

Cal. Pub. Res. Code § 32061 — Funds: Security for Payment of Bonds: Accounts: Deposits: Investments: Interest and Other Increments

Cal. Pub. Res. Code § 32061

Type: Statute
Source: California Public Resources Code
Jurisdiction: California
Current through: Nov 2, 2026 (California Legislative Counsel)

All expenses incurred in carrying out this division shall be payable solely from funds provided under the authority of this division, and no liability or obligation shall be imposed upon the State of California and, except as provided in Section 32116, none shall be incurred by the authority…

Citator

Cal. Pub. Res. Code § 32061 — Funds: Security for Payment of Bonds: Accounts: Deposits: Investments: Interest and Other Increments is in force in the current edition of the Code, and nothing recorded condemns it.

All expenses incurred in carrying out this division shall be payable solely from funds provided under the authority of this division, and no liability or obligation shall be imposed upon the State of California and, except as provided in Section 32116, none shall be incurred by the authority beyond the extent to which money shall have been provided under this division. Under no circumstance shall the authority create any debt, liability, or obligation on the part of the State of California payable from any source other than the moneys provided under this division.