California § 17199.5 - Notwithstanding Section 17199.4, if the bonds were subject to a credit enhancemen
Full text of California Public Contract Code - PCC § 17199.5 — Notwithstanding Section 17199.4, if the bonds were subject to a credit enhancemen, with citation guidance and answers to common questions.
§ 17199.5. Notwithstanding Section 17199.4, if the bonds were subject to a credit enhancemen
Notwithstanding Section 17199.4, if the bonds were subject to a credit enhancement agreement provided by a public credit provider pursuant to Section 17193.5 for which a payment for principal or interest, or both, has been made by the public credit provider, the Controller, or the county treasurer or other appropriate county fiscal officer, as applicable, shall allocate to the public credit provider, rather than the trustee, the percentage of the apportionment to be made pursuant to this paragraph equal to the percentage of the outstanding indebtedness that is subject to the credit enhancement agreement.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 17199.5
What does Public Contract Code - PCC § 17199.5 cover?
Section 17199.5 ("Notwithstanding Section 17199.4, if the bonds were subject to a credit enhancemen") 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 § 17199.5?
A common citation format is "Public Contract Code - PCC § 17199.5" (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 § 17199.5 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.