California § 11736.5 - The department may enter into banking, insurance, remarketing, and other financia
Full text of California Public Contract Code - PCC § 11736.5 — The department may enter into banking, insurance, remarketing, and other financia, with citation guidance and answers to common questions.
§ 11736.5. The department may enter into banking, insurance, remarketing, and other financia
The department may enter into banking, insurance, remarketing, and other financial arrangements as may be necessary or desirable to provide additional security for the payment of principal and interest on the bonds or to provide the holders of the bonds the right to tender bonds to the department or to another party for purchase at the times, on the notice, and on those other terms as the department may determine. These arrangements may provide for the reimbursement by the department, with interest, of moneys advanced by the provider of additional security, the provider of a tender right, the provider of moneys to fund a tender right, or anyone performing a related function, except that the interest rate on the reimbursement obligation shall not exceed the rate specified in Section 11731 and the sources of moneys for the reimbursement shall be only the sources available for the payment of the bonds.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 11736.5
What does Public Contract Code - PCC § 11736.5 cover?
Section 11736.5 ("The department may enter into banking, insurance, remarketing, and other financia") 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 § 11736.5?
A common citation format is "Public Contract Code - PCC § 11736.5" (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 § 11736.5 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.