California § 130821 - Chapter 1 (commencing with Section 180000), Chapter 5 (commencing with Section 18
Full text of California Public Contract Code - PCC § 130821 — Chapter 1 (commencing with Section 180000), Chapter 5 (commencing with Section 18, with citation guidance and answers to common questions.
§ 130821. Chapter 1 (commencing with Section 180000), Chapter 5 (commencing with Section 18
(a) Chapter 1 (commencing with Section 180000), Chapter 5 (commencing with Section 180200), and, except Section 180260, Chapter 6 (commencing with Section 180250) of Division 19 (commencing with Section 180000) shall be equally applicable to the authority as if set forth herein and shall be in addition to the powers and functions of the authority set forth in this division. (b) Notwithstanding Section 180260, all proceeds of the authorityâs bonds shall be applied to secure the bonds or for the purposes for which the debt was incurred. However, when the purposes have been accomplished, any moneys remaining shall be either transferred to the fund used for the payment of principal of, and interest on, the bonds, or placed in a fund to be used for the purchase of the outstanding bonds in the open market at prices and in the manner, either at public or private sale or otherwise, as determined by the authority. Bonds so purchased shall be canceled immediately.
Frequently Asked Questions About California § 130821
What does Public Contract Code - PCC § 130821 cover?
Section 130821 ("Chapter 1 (commencing with Section 180000), Chapter 5 (commencing with Section 18") 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 § 130821?
A common citation format is "Public Contract Code - PCC § 130821" (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 § 130821 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.