California § 131112 - The bonds shall bear interest at a rate or rates not exceeding the maximum allowa
Full text of California Public Contract Code - PCC § 131112 — The bonds shall bear interest at a rate or rates not exceeding the maximum allowa, with citation guidance and answers to common questions.
§ 131112. The bonds shall bear interest at a rate or rates not exceeding the maximum allowa
The bonds shall bear interest at a rate or rates not exceeding the maximum allowable by law, payable semiannually, except that the first interest payable on the bonds, or any series thereof, may be for any period not exceeding one year, as determined by the agency imposing the retail transactions and use tax.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 131112
What does Public Contract Code - PCC § 131112 cover?
Section 131112 ("The bonds shall bear interest at a rate or rates not exceeding the maximum allowa") 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 § 131112?
A common citation format is "Public Contract Code - PCC § 131112" (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 § 131112 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.