California § 16577 - A district may refinance any indebtedness incurred pursuant to Section 16576 by b
Full text of California Public Contract Code - PCC § 16577 — A district may refinance any indebtedness incurred pursuant to Section 16576 by b, with citation guidance and answers to common questions.
§ 16577. A district may refinance any indebtedness incurred pursuant to Section 16576 by b
A district may refinance any indebtedness incurred pursuant to Section 16576 by borrowing from the United States or any of its agencies and issuing in connection therewith evidences of indebtedness in the form and upon the terms required by the United States or its agency. The sum so borrowed shall not exceed the amount of the obligation being refinanced, and interest shall not exceed 8 percent per year. The money so borrowed for refinancing shall be used only to repay the obligation for the retirement of which the money was borrowed.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 16577
What does Public Contract Code - PCC § 16577 cover?
Section 16577 ("A district may refinance any indebtedness incurred pursuant to Section 16576 by b") 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 § 16577?
A common citation format is "Public Contract Code - PCC § 16577" (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 § 16577 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.