California § 14064 - Equipment obligations shall be sold by the Treasurer, after a resolution requesti

Full text of California Public Contract Code - PCC § 14064 — Equipment obligations shall be sold by the Treasurer, after a resolution requesti, with citation guidance and answers to common questions.

§ 14064. Equipment obligations shall be sold by the Treasurer, after a resolution requesti

(a) Equipment obligations shall be sold by the Treasurer, after a resolution requesting the sale has been adopted by the commission. Equipment obligations may be sold by public bid or by a private negotiated sale. The Treasurer may sell equipment obligations at a discount not to exceed 5 percent of the par value thereof. (b) Equipment obligations, and the interest thereon, are exempt from taxation in this state, except for gift taxes.

Source: official California text · Last verified 2026-08-27

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Frequently Asked Questions About California § 14064

What does Public Contract Code - PCC § 14064 cover?

Section 14064 ("Equipment obligations shall be sold by the Treasurer, after a resolution requesti") 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 § 14064?

A common citation format is "Public Contract Code - PCC § 14064" (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 § 14064 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.