California § 103357 - The district may issue bonds payable from the proceeds of the retail transactions
Full text of California Public Contract Code - PCC § 103357 — The district may issue bonds payable from the proceeds of the retail transactions, with citation guidance and answers to common questions.
§ 103357. The district may issue bonds payable from the proceeds of the retail transactions
(a) The district may issue bonds payable from the proceeds of the retail transactions and use tax. (b) The maximum bonded indebtedness which may be outstanding at any one time shall be an amount equal to the sum of the principal of, and interest on, the bonds, but not to exceed the estimated proceeds of the transactions and use tax , as determined by the district. The amount of bonds outstanding at any one time does not include the amount of any bonds or refunding bonds for which moneys or securities necessary to provide for the payment thereof have been set aside for that purpose in a trust or escrow account.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 103357
What does Public Contract Code - PCC § 103357 cover?
Section 103357 ("The district may issue bonds payable from the proceeds of the retail transactions") 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 § 103357?
A common citation format is "Public Contract Code - PCC § 103357" (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 § 103357 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.