California § 24955 - The estimate may include a sum sufficient to pay the interest on the proposed con
Full text of California Public Contract Code - PCC § 24955 — The estimate may include a sum sufficient to pay the interest on the proposed con, with citation guidance and answers to common questions.
§ 24955. The estimate may include a sum sufficient to pay the interest on the proposed con
The estimate may include a sum sufficient to pay the interest on the proposed construction bonds for four years or less and, if the bonds are to be payable solely from revenues, the estimate may also include a sum for a revenue bond reserve fund to be set aside out of the proceeds of sale of revenue bonds to be maintained by revenues and used and withdrawn solely for the purpose of paying the principal of and interest on such bonds in the event that no other funds are available therefor.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 24955
What does Public Contract Code - PCC § 24955 cover?
Section 24955 ("The estimate may include a sum sufficient to pay the interest on the proposed con") 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 § 24955?
A common citation format is "Public Contract Code - PCC § 24955" (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 § 24955 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.