California § 13101 - Whenever a district proposes to exercise the power to borrow money, or to refund
Full text of California Public Contract Code - PCC § 13101 — Whenever a district proposes to exercise the power to borrow money, or to refund, with citation guidance and answers to common questions.
§ 13101. Whenever a district proposes to exercise the power to borrow money, or to refund
Whenever a district proposes to exercise the power to borrow money, or to refund indebtedness, pursuant to this chapter, the board shall adopt a preliminary resolution declaring its intention to authorize the issuance of bonds for such purpose, which resolution shall specify all of the following: (1) The purpose for which the proposed bonds are to be issued. (2) The maximum principal amount of the bonds proposed to be issued in the then current calendar year. (3) The maximum term for which any of said bonds are to run. (4) The maximum rate of interest to be payable upon such bonds. (5) The maximum premium, if any, to be payable on the redemption of any such bonds.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 13101
What does Public Contract Code - PCC § 13101 cover?
Section 13101 ("Whenever a district proposes to exercise the power to borrow money, or to refund") 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 § 13101?
A common citation format is "Public Contract Code - PCC § 13101" (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 § 13101 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.