California § 13123 - Money in any such reserve fund shall be drawn therefrom only upon demands authent
Full text of California Public Contract Code - PCC § 13123 — Money in any such reserve fund shall be drawn therefrom only upon demands authent, with citation guidance and answers to common questions.
§ 13123. Money in any such reserve fund shall be drawn therefrom only upon demands authent
Money in any such reserve fund shall be drawn therefrom only upon demands authenticated by the signature of the accountant of the district; provided, however, that the board may, in its discretion, direct and authorize the payment from such reserve fund, by the treasurer, without such authenticated demand, (i) of bonds of the issue in connection with which such reserve fund is so established when due upon maturity or call, or of coupons pertaining to bonds of such issue when due, but only upon presentation and surrender of such bonds or coupons, (ii) of interest upon registered bonds of such issue when due, or (iii) of premiums, if any, due upon the redemption of any such bonds.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 13123
What does Public Contract Code - PCC § 13123 cover?
Section 13123 ("Money in any such reserve fund shall be drawn therefrom only upon demands authent") 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 § 13123?
A common citation format is "Public Contract Code - PCC § 13123" (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 § 13123 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.