California § 16495 - The board may approve, reduce, or deny any loan application. Such action shall be
Full text of California Public Contract Code - PCC § 16495 — The board may approve, reduce, or deny any loan application. Such action shall be, with citation guidance and answers to common questions.
§ 16495. The board may approve, reduce, or deny any loan application. Such action shall be
(a) The board may approve, reduce, or deny any loan application. Such action shall be taken within 10 days of the receipt of an application. No loan shall be made by the board after August 31, 1978. The board shall establish the form and content of loan applications, and procedures for periodic disbursements of approved loans to local agencies. (b) For the purposes of this article, each member of the board may appoint a representative to act on his behalf. The board shall have the authority to appoint sufficient staff to process loan applications received by the board.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 16495
What does Public Contract Code - PCC § 16495 cover?
Section 16495 ("The board may approve, reduce, or deny any loan application. Such action shall be") 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 § 16495?
A common citation format is "Public Contract Code - PCC § 16495" (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 § 16495 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.