California § 23198 - When a contract has been made with the United States, if so provided by the contr
Full text of California Public Contract Code - PCC § 23198 — When a contract has been made with the United States, if so provided by the contr, with citation guidance and answers to common questions.
§ 23198. When a contract has been made with the United States, if so provided by the contr
When a contract has been made with the United States, if so provided by the contract and authorized pursuant to this chapter, bonds of the district may be transferred to or deposited with the United States, at not less than 95 percent of their par value, to the amount or any part thereof to be paid by the district to the United States. The interest or principal or both on the bonds shall be raised by assessment and levy as prescribed in this chapter and shall be regularly paid to the United States and applied as provided in the contract. The bonds may provide for the payment of interest at a rate not exceeding 8 percent per year, be of the denominations, and call for the repayment of the principal at the times, all as agreed upon.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 23198
What does Public Contract Code - PCC § 23198 cover?
Section 23198 ("When a contract has been made with the United States, if so provided by the contr") 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 § 23198?
A common citation format is "Public Contract Code - PCC § 23198" (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 § 23198 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.