California § 24363.5 - Except as provided in regulations, in the case of any taxable bond each of the fo

Full text of California Public Contract Code - PCC § 24363.5 — Except as provided in regulations, in the case of any taxable bond each of the fo, with citation guidance and answers to common questions.

§ 24363.5. Except as provided in regulations, in the case of any taxable bond each of the fo

(a) Except as provided in regulations, in the case of any taxable bond each of the following shall apply: (1) The amount of any bond premium shall be allocated among the interest payments on the bond under rules similar to the rules of subdivision (c) of Section 24361. (2) In lieu of any deduction under Section 24360, the amount of any premium so allocated to any interest payment shall be applied against (and operate to reduce) the amount of the interest payment. (b) For purposes of this section, the term “taxable bond” means any bond the interest of which is not excludable from gross income.

Source: official California text · Last verified 2026-08-27

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Frequently Asked Questions About California § 24363.5

What does Public Contract Code - PCC § 24363.5 cover?

Section 24363.5 ("Except as provided in regulations, in the case of any taxable bond each of the fo") 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 § 24363.5?

A common citation format is "Public Contract Code - PCC § 24363.5" (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 § 24363.5 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.