California § 14553.4 - The Treasurer may not authorize the issuance of notes if the annual repayment obl
Full text of California Public Contract Code - PCC § 14553.4 — The Treasurer may not authorize the issuance of notes if the annual repayment obl, with citation guidance and answers to common questions.
§ 14553.4. The Treasurer may not authorize the issuance of notes if the annual repayment obl
The Treasurer may not authorize the issuance of notes if the annual repayment obligations of all outstanding notes in any fiscal year would exceed 15 percent of the total amount of federal transportation funds deposited in the State Highway Account in the State Transportation Fund for any consecutive 12-month period within the preceding 24 months.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 14553.4
What does Public Contract Code - PCC § 14553.4 cover?
Section 14553.4 ("The Treasurer may not authorize the issuance of notes if the annual repayment obl") 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 § 14553.4?
A common citation format is "Public Contract Code - PCC § 14553.4" (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 § 14553.4 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.