California § 17199 - Upon the dissolution of the authority, title to all property owned by the authori
Full text of California Public Contract Code - PCC § 17199 — Upon the dissolution of the authority, title to all property owned by the authori, with citation guidance and answers to common questions.
§ 17199. Upon the dissolution of the authority, title to all property owned by the authori
Upon the dissolution of the authority, title to all property owned by the authority shall vest in the successor authority created by the Legislature, if any, if the successor authority meets the requirements of Section 103 of the federal Internal Revenue Code of 1954, as amended, and its implementing regulations, as an authority entitled to issue obligations on behalf of the State of California, the interest from which is exempted from federal income taxation. In the event that a successor authority is not created, title to all property owned by the authority shall vest in the State of California.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 17199
What does Public Contract Code - PCC § 17199 cover?
Section 17199 ("Upon the dissolution of the authority, title to all property owned by the authori") 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 § 17199?
A common citation format is "Public Contract Code - PCC § 17199" (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 § 17199 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.