Government Code section 16946

Every issue of bonds, and any ancillary obligation entered into with respect to those bonds, shall be a debt and liability of the state payable from the General Fund of the state or, in the case of bond anticipation notes, payable from the proceeds of bonds to be issued pursuant to this chapter.

Source: Section 16946, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=GOV§ionNum=16946.­ (updated Aug. 11, 2004; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 16946's source at ca​.gov