California § 17221.5 - The Controller, with the approval of the Pooled Money Investment Board, may fix a
Full text of California Public Contract Code - PCC § 17221.5 — The Controller, with the approval of the Pooled Money Investment Board, may fix a, with citation guidance and answers to common questions.
§ 17221.5. The Controller, with the approval of the Pooled Money Investment Board, may fix a
(a) The Controller, with the approval of the Pooled Money Investment Board, may fix a maturity date for registered warrants. To the extent legally permissible, the Controller shall pick a date that does not interfere with the payment of bonds, revenue anticipation notes, reimbursement warrants, and refunding warrants. (b) Notwithstanding subdivision (a), a registered warrant may be redeemed at the option of the committee prior to the maturity date of the warrant at a redemption price not to exceed the principal amount of the warrant plus the amount of interest, calculated as of the date when the committee calls for the redemption. The Treasurer shall pay the redemption price for the registered warrant from any unapplied money in the General Fund that is available on that redemption date.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 17221.5
What does Public Contract Code - PCC § 17221.5 cover?
Section 17221.5 ("The Controller, with the approval of the Pooled Money Investment Board, may fix a") 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 § 17221.5?
A common citation format is "Public Contract Code - PCC § 17221.5" (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 § 17221.5 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.