California § 987.79 - Except as otherwise provided in subdivision (b), the department may, in the contr
Full text of California Public Contract Code - PCC § 987.79 — Except as otherwise provided in subdivision (b), the department may, in the contr, with citation guidance and answers to common questions.
§ 987.79. Except as otherwise provided in subdivision (b), the department may, in the contr
(a) Except as otherwise provided in subdivision (b), the department may, in the contract of purchase with a veteran, provide that, in the event of default by the veteran and forfeiture of their rights under the contract and subsequent sale of the property by the department, it may pay to the veteran any net gain realized by the department upon the sale. The department is the sole judge of the net gain. (b) The net gain realized by the department upon the sale of a cooperative dwelling unit owned by a limited equity housing cooperative shall be determined in accordance with regulations adopted by the department pursuant to Section 987.93.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 987.79
What does Public Contract Code - PCC § 987.79 cover?
Section 987.79 ("Except as otherwise provided in subdivision (b), the department may, in the contr") 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 § 987.79?
A common citation format is "Public Contract Code - PCC § 987.79" (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 § 987.79 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.