California § 15819.3 - The board may finance prison facilities using lease-purchase financing arrangemen
Full text of California Public Contract Code - PCC § 15819.3 — The board may finance prison facilities using lease-purchase financing arrangemen, with citation guidance and answers to common questions.
§ 15819.3. The board may finance prison facilities using lease-purchase financing arrangemen
The board may finance prison facilities using lease-purchase financing arrangements by the issuance of bonds pursuant to Chapter 5 (commencing with Section 15830). The construction and acquisition of prison facilities or the financing of prison facilities constitutes the construction of public buildings for the purposes of Chapter 5 (commencing with Section 15830). In addition to the cost of construction, the board may authorize any additional amounts necessary to pay the costs of financing, including, but not limited to, interest during construction of the project and a reasonably required reserve fund. The total amount of bonds issued pursuant to this section shall not exceed six hundred fifty million dollars ($650,000,000).
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 15819.3
What does Public Contract Code - PCC § 15819.3 cover?
Section 15819.3 ("The board may finance prison facilities using lease-purchase financing arrangemen") 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 § 15819.3?
A common citation format is "Public Contract Code - PCC § 15819.3" (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 § 15819.3 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.