California § 1002.28 - The State Treasurer shall act as trustee for the department and the holders of it
Full text of California Public Contract Code - PCC § 1002.28 — The State Treasurer shall act as trustee for the department and the holders of it, with citation guidance and answers to common questions.
§ 1002.28. The State Treasurer shall act as trustee for the department and the holders of it
The State Treasurer shall act as trustee for the department and the holders of its bonds, to receive and disburse all the revenues applicable to the payment of the principal of or interest on the bonds, including any reserve fund, sinking fund or other fund established for the further securing of the bonds. The department may provide in any resolution of issuance for the appointment of a trustee, other than the State Treasurer, to represent and enforce rights of holders of bonds of the department if, and in the manner and under conditions, provided in the resolution authorizing the bonds, such trustee shall be a bank or trust company duly qualified to do business in this state.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1002.28
What does Public Contract Code - PCC § 1002.28 cover?
Section 1002.28 ("The State Treasurer shall act as trustee for the department and the holders of it") 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 § 1002.28?
A common citation format is "Public Contract Code - PCC § 1002.28" (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 § 1002.28 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.