California § 1003.8 - All debenture redemption and interest payments and any premium payable upon deben
Full text of California Public Contract Code - PCC § 1003.8 — All debenture redemption and interest payments and any premium payable upon deben, with citation guidance and answers to common questions.
§ 1003.8. All debenture redemption and interest payments and any premium payable upon deben
All debenture redemption and interest payments and any premium payable upon debentures called for redemption, and all payments required for reserve funds, sinking funds and all other funds created as further security for the debentures constitute a first, direct, and exclusive charge and lien on all revenues of the pledged contracts and the interest or other income derived therefrom. Such revenues, together with any interest or other income earned thereon, and such funds and the interest and income earned thereon, constitute a trust fund for the security and payment of the debentures and shall not be used or pledged for any other purpose or transferred to any other fund as long as any such debentures are outstanding and unpaid.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1003.8
What does Public Contract Code - PCC § 1003.8 cover?
Section 1003.8 ("All debenture redemption and interest payments and any premium payable upon deben") 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 § 1003.8?
A common citation format is "Public Contract Code - PCC § 1003.8" (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 § 1003.8 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.