California § 31183 - Any surplus which exists in the acquisition and construction fund shall be applie
Full text of California Public Contract Code - PCC § 31183 — Any surplus which exists in the acquisition and construction fund shall be applie, with citation guidance and answers to common questions.
§ 31183. Any surplus which exists in the acquisition and construction fund shall be applie
Any surplus which exists in the acquisition and construction fund shall be applied to the retirement, by purchase or call, of bonds issued for the acquisition or construction of the toll tunnel. If such bonds cannot be purchased at a price satisfactory to the authority and are not by their terms callable prior to maturity, the surplus shall be paid into the fund applicable to the payment of principal and interest of such bonds and shall be used for that purpose. The proceedings authorizing the issuance of bonds may provide limitations and conditions upon the time and manner of applying the surplus to the purchase and call of outstanding bonds and the terms upon which they shall be purchased or called, and such limitations and conditions shall be followed and observed in the application and use of the surplus. All bonds retired by purchase or call shall be immediately canceled.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 31183
What does Public Contract Code - PCC § 31183 cover?
Section 31183 ("Any surplus which exists in the acquisition and construction fund shall be applie") 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 § 31183?
A common citation format is "Public Contract Code - PCC § 31183" (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 § 31183 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.