California § 15820.40 - The board may issue certificates pursuant to Chapter 4 (commencing with Section 1
Full text of California Public Contract Code - PCC § 15820.40 — The board may issue certificates pursuant to Chapter 4 (commencing with Section 1, with citation guidance and answers to common questions.
§ 15820.40. The board may issue certificates pursuant to Chapter 4 (commencing with Section 1
(a) The board may issue certificates pursuant to Chapter 4 (commencing with Section 15821) or revenue bonds, negotiable notes, or negotiable bond anticipation notes pursuant to Chapter 5 (commencing with Section 15830) to finance the cost of construction or renovation and the equipping of the public buildings or facilities authorized by this chapter. (b) The revenues, rentals, or receipts from the public buildings or facilities and equipment authorized by this chapter shall be pledged to the payment of the principal of, and the interest on, the certificates, revenue bonds, notes, or anticipation notes issued to finance the construction or renovation and the equipping of those public buildings or facilities. (c) No certificates, revenue bonds, notes, or anticipation notes shall be issued, and no construction or renovation or equipping for any public building or facility authorized by this chapter shall be commenced or purchased, unless the Legislature, by statute, authorizes the total amount of certificates, revenue bonds, notes, or anticipation notes that may be used to finance that public building or facility.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 15820.40
What does Public Contract Code - PCC § 15820.40 cover?
Section 15820.40 ("The board may issue certificates pursuant to Chapter 4 (commencing with Section 1") 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 § 15820.40?
A common citation format is "Public Contract Code - PCC § 15820.40" (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 § 15820.40 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.