California § 1194 - Excess funds investments may be made in bonds issued by any county, municipality,

Full text of California Public Contract Code - PCC § 1194 — Excess funds investments may be made in bonds issued by any county, municipality,, with citation guidance and answers to common questions.

§ 1194. Excess funds investments may be made in bonds issued by any county, municipality,

Excess funds investments may be made in bonds issued by any county, municipality, or school district in this State to represent assessments for local improvements authorized by law. At the date of such investment the purchase price or principal loaned shall not exceed fifty per cent of the market value of the real property or of the real property together with the improvements thereon, upon which the bond is the first lien.

Source: official California text · Last verified 2026-08-27

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Frequently Asked Questions About California § 1194

What does Public Contract Code - PCC § 1194 cover?

Section 1194 ("Excess funds investments may be made in bonds issued by any county, municipality,") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite California § 1194?

A common citation format is "Public Contract Code - PCC § 1194" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of California law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.

How does California § 1194 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in California.