California § 125713 - The district may issue negotiable promissory notes pursuant to this section to ac
Full text of California Public Contract Code - PCC § 125713 — The district may issue negotiable promissory notes pursuant to this section to ac, with citation guidance and answers to common questions.
§ 125713. The district may issue negotiable promissory notes pursuant to this section to ac
The district may issue negotiable promissory notes pursuant to this section to acquire funds for any district purposes. The maturity of the promissory notes may not be later than five years from the date thereof. Those notes shall bear interest at a rate not to exceed 12 percent per year. Those notes shall be payable from any source of revenue available to the district.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 125713
What does Public Contract Code - PCC § 125713 cover?
Section 125713 ("The district may issue negotiable promissory notes pursuant to this section to ac") 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 § 125713?
A common citation format is "Public Contract Code - PCC § 125713" (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 § 125713 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.