California § 15838.5 - The Treasurer may be appointed to act as trustee for the board and the holders of
Full text of California Public Contract Code - PCC § 15838.5 — The Treasurer may be appointed to act as trustee for the board and the holders of, with citation guidance and answers to common questions.
§ 15838.5. The Treasurer may be appointed to act as trustee for the board and the holders of
(a) The Treasurer may be appointed to act as trustee for the board and the holders of its bonds. Any resolution authorizing any bonds or issue thereof shall prescribe the duties of the Treasurer with respect to the issuance, authentication, sale, and delivery of the bonds, the payment of principal and interest thereon, and the redemption of the bonds. (b) The board may provide by resolution for the deposit of all revenue pledged for the security of such bonds in one or more separate accounts in the Public Buildings Construction Fund under the control of the Treasurer as trustee. The money in the accounts shall be disbursed only as provided in the resolution. (c) The board may authorize the Treasurer to act as trustee on behalf of the holders of its bonds, or any stated percentage thereof, for the purpose of exercising and prosecuting on behalf of the holders of the bonds the rights and remedies as may be available to the holders.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 15838.5
What does Public Contract Code - PCC § 15838.5 cover?
Section 15838.5 ("The Treasurer may be appointed to act as trustee for the board and the holders of") 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 § 15838.5?
A common citation format is "Public Contract Code - PCC § 15838.5" (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 § 15838.5 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.