California § 15823 - The certificates shall be sold by the board at their face value to state agencies
Full text of California Public Contract Code - PCC § 15823 — The certificates shall be sold by the board at their face value to state agencies, with citation guidance and answers to common questions.
§ 15823. The certificates shall be sold by the board at their face value to state agencies
The certificates shall be sold by the board at their face value to state agencies having jurisdiction over special or trust funds, without advertisement or competitive bidding. Such certificates are a legal investment for any state special or trust fund notwithstanding any provision of law limiting the investment which may be made by such special or trust fund. Payment of the purchase price may be made in accordance with mutual agreement between the state agency and the board, which agreement may provide for such payment in installments as work upon the public building or buildings progresses and funds necessary therefor are required.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 15823
What does Public Contract Code - PCC § 15823 cover?
Section 15823 ("The certificates shall be sold by the board at their face value to state agencies") 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 § 15823?
A common citation format is "Public Contract Code - PCC § 15823" (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 § 15823 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.