California § 13118 - Any bonds issued by any area organized under this division are hereby given the s
Full text of California Public Contract Code - PCC § 13118 — Any bonds issued by any area organized under this division are hereby given the s, with citation guidance and answers to common questions.
§ 13118. Any bonds issued by any area organized under this division are hereby given the s
Any bonds issued by any area organized under this division are hereby given the same force, value, and use as bonds issued by any municipality and shall be exempt from all taxation within the state. All bonds issued by any area payable from taxes are legal investments for all trust funds, for the trust funds of all insurance companies, the state school funds, and any funds that may be invested in bonds of cities, counties, cities and counties, school districts, or municipalities in the state.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 13118
What does Public Contract Code - PCC § 13118 cover?
Section 13118 ("Any bonds issued by any area organized under this division are hereby given the s") 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 § 13118?
A common citation format is "Public Contract Code - PCC § 13118" (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 § 13118 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.