California § 10424.2 - If the Orange County Board of Supervisors determines, subsequent to the issuance
Full text of California Public Contract Code - PCC § 10424.2 — If the Orange County Board of Supervisors determines, subsequent to the issuance, with citation guidance and answers to common questions.
§ 10424.2. If the Orange County Board of Supervisors determines, subsequent to the issuance
(a) If the Orange County Board of Supervisors determines, subsequent to the issuance of bonds, that the acquisition or construction of all or any part of the proposed improvement will be delayed beyond the date upon which, at the time the bonds were issued, the acquisition or construction was expected to occur, the balance then on deposit in the improvement fund, or the portion specified by the board, may, at the direction of the board, be applied to call outstanding bonds called for redemption. The call and redemption of bonds pursuant to this section shall not cause the amount of any assessment to be reduced. The board shall cause any annual assessment installments occurring after any redemption under this section to be reduced to the maximum extent permitted by law. (b) The board may, from time to time, issue bonds in an aggregate principal amount not in excess of the principal amount of bonds called for redemption pursuant to subdivision (a). The net proceeds derived from the sale of the bonds shall be deposited in the improvement fund.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 10424.2
What does Public Contract Code - PCC § 10424.2 cover?
Section 10424.2 ("If the Orange County Board of Supervisors determines, subsequent to the issuance") 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 § 10424.2?
A common citation format is "Public Contract Code - PCC § 10424.2" (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 § 10424.2 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.