California § 1002.3 - A resolution of issuance may provide for date or dates for the payment of interes
Full text of California Public Contract Code - PCC § 1002.3 — A resolution of issuance may provide for date or dates for the payment of interes, with citation guidance and answers to common questions.
§ 1002.3. A resolution of issuance may provide for date or dates for the payment of interes
A resolution of issuance may provide for date or dates for the payment of interest on debentures and the interest rate or rates, fixed or variable, or the method of determining such rate or rates. For any authorized issuance of debentures, the resolution may provide the department with discretion to determine the interest rates and payment dates, subject to the maximum rate of interest and the method of determination authorized in the resolution. The first interest payment may be at any time on or before one year from the date of the debenture. The resolution may also provide the department with discretion to obtain credit enhancement or liquidity support for the authorized debentures and to determine the form of any such agreement.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1002.3
What does Public Contract Code - PCC § 1002.3 cover?
Section 1002.3 ("A resolution of issuance may provide for date or dates for the payment of interes") 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 § 1002.3?
A common citation format is "Public Contract Code - PCC § 1002.3" (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 § 1002.3 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.