California § 15253 - If the bonds are declared invalid or are not issued for any reason, the tax levie
Full text of California Public Contract Code - PCC § 15253 — If the bonds are declared invalid or are not issued for any reason, the tax levie, with citation guidance and answers to common questions.
§ 15253. If the bonds are declared invalid or are not issued for any reason, the tax levie
If the bonds are declared invalid or are not issued for any reason, the tax levied and collected shall, if the school district or community college district has other bonds outstanding, be retained in the interest and sinking fund of the district to meet the interest and principal falling due on the bonds. If the district has no bonds outstanding the proceeds of the tax levy shall be transferred to the general fund of the district on the order of the auditor.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 15253
What does Public Contract Code - PCC § 15253 cover?
Section 15253 ("If the bonds are declared invalid or are not issued for any reason, the tax levie") 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 § 15253?
A common citation format is "Public Contract Code - PCC § 15253" (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 § 15253 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.