California § 207 - The commission may, by resolution, provide a plan under which the department may
Full text of California Public Contract Code - PCC § 207 — The commission may, by resolution, provide a plan under which the department may, with citation guidance and answers to common questions.
§ 207. The commission may, by resolution, provide a plan under which the department may
The commission may, by resolution, provide a plan under which the department may invest presently unneeded money in the State Highway Account in bonds or interest-bearing notes or obligations of the United States for which the faith and credit of the United States are pledged for the payment of principal and interest, in time bank deposits in eligible banks described in Section 16500 of the Government Code, in deposits in eligible savings and loan associations described in Section 16600 of the Government Code, or in any securities of federal agencies described in Section 16430 of the Government Code. The department may, with the approval of the State Treasurer, invest such excess funds in accordance with the resolution. All such bonds, notes, or obligations purchased under the provisions of this section shall be delivered to the State Treasurer, who shall keep them as a portion of the State Highway Account, and all interest thereon when collected shall be paid into and become a part of the State Highway Account. All investments made under this section shall be liquidated as soon as the funds invested are required for state highway purposes.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 207
What does Public Contract Code - PCC § 207 cover?
Section 207 ("The commission may, by resolution, provide a plan under which the department may") 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 § 207?
A common citation format is "Public Contract Code - PCC § 207" (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 § 207 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.