Harbors and Navigation Code section 3908

The aggregate par value of all bonds issued under this part at the instance of the authority shall not exceed fifty million dollars ($50,000,000) and the aggregate par value of all bonds issued under this part at the instance of the commission shall not exceed ten million dollars ($10,000,000).

Source: Section 3908, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=HNC§ionNum=3908.­ (updated Jan. 1, 1958; accessed Dec. 22, 2025).

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Verified:
Dec. 22, 2025

§ 3908's source at ca​.gov