§ 3.152.140 — Repayment of bonds
Sacramento City Code (current through Supplement No. 4, July 2026, and Ord. 2026-0022) · Sacramento City Code § 3.152.140
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3.152.140 Repayment of bonds.
The principal and purchase price and any premium of, and interest on, the bonds must be payable exclusively from revenues and other funds pledged under the issuing instrument, and as described in the issuing instrument. The issuance of bonds may not directly, indirectly, or contingently obligate the city council to levy or pledge any form of taxation. (Ord. 2012-039 § 2)