California § 25445 - All funding bonds shall be serial in character and approximately an even proporti
Full text of California Public Contract Code - PCC § 25445 — All funding bonds shall be serial in character and approximately an even proporti, with citation guidance and answers to common questions.
§ 25445. All funding bonds shall be serial in character and approximately an even proporti
All funding bonds shall be serial in character and approximately an even proportion of the total amount of each issue shall be payable annually. The amount of the principal due in each annual payment need not be exactly the same but with respect to each installment excepting the last may be made to differ not more than five hundred dollars ($500) from the amount obtained by dividing the total of the principal amount due under the bonds, by the number of installments. The last installment shall be for the balance of the total principal amount not provided to be paid in the previous installments.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 25445
What does Public Contract Code - PCC § 25445 cover?
Section 25445 ("All funding bonds shall be serial in character and approximately an even proporti") 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 § 25445?
A common citation format is "Public Contract Code - PCC § 25445" (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 § 25445 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.