California § 14553.7 - In order to provide security for repayment of the notes, the commission shall ado
Full text of California Public Contract Code - PCC § 14553.7 — In order to provide security for repayment of the notes, the commission shall ado, with citation guidance and answers to common questions.
§ 14553.7. In order to provide security for repayment of the notes, the commission shall ado
In order to provide security for repayment of the notes, the commission shall adopt a resolution dedicating and pledging any future receipts of federal transportation funds received by the state to the payment of principal of, and interest and premium on the notes, for as long as any notes remain outstanding. That action shall constitute a pledge or receipt of those moneys as collateral within the meaning of subdivision (b) of Section 5450. The pledge shall be governed under Chapter 5.5 (commencing with Section 5450) of Division 6 of Title 1 of the Government Code. The commission shall be deemed a âpublic bodyâ for purposes of Section 5451, as defined in Section 5450.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 14553.7
What does Public Contract Code - PCC § 14553.7 cover?
Section 14553.7 ("In order to provide security for repayment of the notes, the commission shall ado") 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 § 14553.7?
A common citation format is "Public Contract Code - PCC § 14553.7" (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 § 14553.7 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.