California § 20584 - The board may postpone the payment of any amount due a contracting agency on term
Full text of California Public Contract Code - PCC § 20584 — The board may postpone the payment of any amount due a contracting agency on term, with citation guidance and answers to common questions.
§ 20584. The board may postpone the payment of any amount due a contracting agency on term
The board may postpone the payment of any amount due a contracting agency on termination of a contract if payment would require the sale of securities, that, in the opinion of the board, would affect adversely the interests of this system. If the board delays a payment longer than the period reasonably necessary for the determination of the amount due and for the necessary action by the board, interest shall be allowed on the amount remaining due and unpaid from time to time at the rate then in use under this system, and paid to the contracting agency at the same time and in the manner as the original amount due.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 20584
What does Public Contract Code - PCC § 20584 cover?
Section 20584 ("The board may postpone the payment of any amount due a contracting agency on term") 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 § 20584?
A common citation format is "Public Contract Code - PCC § 20584" (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 § 20584 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.