California § 24504 - If money is not available in the fund designated for the payment of any matured b
Full text of California Public Contract Code - PCC § 24504 — If money is not available in the fund designated for the payment of any matured b, with citation guidance and answers to common questions.
§ 24504. If money is not available in the fund designated for the payment of any matured b
If money is not available in the fund designated for the payment of any matured bond or interest coupon, it shall draw interest at the annual adjusted rate established by the Franchise Tax Board, as provided in Section 19269 of the Revenue and Taxation Code, from the date of its presentation for payment until notice is given that funds are available for its payment.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 24504
What does Public Contract Code - PCC § 24504 cover?
Section 24504 ("If money is not available in the fund designated for the payment of any matured b") 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 § 24504?
A common citation format is "Public Contract Code - PCC § 24504" (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 § 24504 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.