California § 31159 - If the outstanding bonds issued for the acquisition or construction of the toll t
Full text of California Public Contract Code - PCC § 31159 — If the outstanding bonds issued for the acquisition or construction of the toll t, with citation guidance and answers to common questions.
§ 31159. If the outstanding bonds issued for the acquisition or construction of the toll t
If the outstanding bonds issued for the acquisition or construction of the toll tunnel as originally designed are, at the time of issuance of the additional bonds, by their terms subject to immediate retirement before maturity at the option of the authority, or if the holders consent to the retirement of such bonds, the authority may include in the issue of bonds to be sold for the purpose of enlarging or extending the toll tunnel or changing the design thereof, an amount of bonds sufficient to produce funds with which to retire the outstanding bonds according to their terms. Before any such additional bonds are delivered the authority shall first duly call the outstanding bonds for redemption in accordance with their terms and conditions or obtain the consent of the holders thereof to their retirement.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 31159
What does Public Contract Code - PCC § 31159 cover?
Section 31159 ("If the outstanding bonds issued for the acquisition or construction of the toll t") 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 § 31159?
A common citation format is "Public Contract Code - PCC § 31159" (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 § 31159 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.