California § 29501 - Whenever the principal or interest on any bonds legally issued by the county or a
Full text of California Public Contract Code - PCC § 29501 — Whenever the principal or interest on any bonds legally issued by the county or a, with citation guidance and answers to common questions.
§ 29501. Whenever the principal or interest on any bonds legally issued by the county or a
Whenever the principal or interest on any bonds legally issued by the county or any district within the county which becomes due and there is not sufficient money in the fund established for the payment of the principal or interest to pay it, the board of supervisors may order the amount of money necessary to pay the principal or interest, or both, to be transferred from the general fund to the debt service fund provided for the payment of such principal and interest pending the collection of any taxes or ad valorem assessment which have been levied for that purpose. The amount transferred is a loan to the fund, and the auditor shall retransfer it to the general fund not later than the apportionment of the second installment of taxes collected on the current secured roll. The board shall not advance to any debt service fund an amount greater than the amount of uncollected taxes or ad valorem assessments levied for the payment of the principal and interest on the bonds.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 29501
What does Public Contract Code - PCC § 29501 cover?
Section 29501 ("Whenever the principal or interest on any bonds legally issued by the county or a") 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 § 29501?
A common citation format is "Public Contract Code - PCC § 29501" (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 § 29501 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.