§ 11707 Bondholder Protection Requirements

Water Code·California

AI SummaryVerified

This law says the state can't weaken or get rid of a department or official if it would hurt people who own the state's bonds.

Key Takeaways

•The state must keep its promises to people who own its bonds.
•The state can't make changes that would make it harder to pay back the bonds.
•This rule stays in place as long as there are bonds that haven't been paid back.

Example

Imagine the state sells bonds to build a new school. People buy these bonds to help pay for it.

The state can't close the department in charge of building the school or take away its power if it would make it harder to pay back the people who bought the bonds.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 11707 Bondholder Protection Requirements

While any bonds remain outstanding, the powers, duties or existence of the department or any official or agency of the State shall not be diminished or impaired in any manner that will affect adversely the interests and rights of the holders of the bonds. (Amended by Stats. 1957, Ch. 1932.)

Last verified: January 11, 2026

Key Terms

bonds powers, duties or existence holders of the bonds

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 11707.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References