California § 31152 - The authority may provide in the proceedings authorizing the issuance of bonds fo
Full text of California Public Contract Code - PCC § 31152 — The authority may provide in the proceedings authorizing the issuance of bonds fo, with citation guidance and answers to common questions.
§ 31152. The authority may provide in the proceedings authorizing the issuance of bonds fo
The authority may provide in the proceedings authorizing the issuance of bonds for the setting up of one or more reserve funds out of the proceeds of the bonds or out of the tolls and other revenues not needed for the payment of interest on the bonds and the principal of the bonds as they currently mature, and for the preservation and continuance thereof in a manner to be provided therein, and may also require the immediate application of all surplus money in any such toll revenue fund to the retirement, by call or purchase, of the bonds prior to maturity in such manner and upon such terms and the payment of such premiums as the authority deems advisable.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 31152
What does Public Contract Code - PCC § 31152 cover?
Section 31152 ("The authority may provide in the proceedings authorizing the issuance of bonds 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 § 31152?
A common citation format is "Public Contract Code - PCC § 31152" (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 § 31152 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.