California § 31169 - The bond redemption and interest payments constitute a first direct and exclusive
Full text of California Public Contract Code - PCC § 31169 — The bond redemption and interest payments constitute a first direct and exclusive, with citation guidance and answers to common questions.
§ 31169. The bond redemption and interest payments constitute a first direct and exclusive
The bond redemption and interest payments constitute a first direct and exclusive charge and lien on all tolls and other revenues, and interest thereon, and sinking funds created therefrom received from the use and operation of the toll tunnel. Such tolls and revenues together with the interest earned thereon constitute a trust fund for the security and payment of the bonds and shall not be used or pledged for any other purpose as long as any such bonds are outstanding and unpaid.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 31169
What does Public Contract Code - PCC § 31169 cover?
Section 31169 ("The bond redemption and interest payments constitute a first direct and exclusive") 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 § 31169?
A common citation format is "Public Contract Code - PCC § 31169" (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 § 31169 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.