California § 31223 - The authority may also carry insurance or indemnity bonds insuring against the lo
Full text of California Public Contract Code - PCC § 31223 — The authority may also carry insurance or indemnity bonds insuring against the lo, with citation guidance and answers to common questions.
§ 31223. The authority may also carry insurance or indemnity bonds insuring against the lo
The authority may also carry insurance or indemnity bonds insuring against the loss of tolls or other revenues to be derived from the toll tunnel by reason of any interruption in the use of the toll tunnel from any cause whatever. The proceeds of the insurance or indemnity bonds shall be paid into the fund into which the tolls and other revenues of the toll tunnel so insured are required to be paid and shall be applied to the same purposes and in the same manner as other money in the fund. The insurance or indemnity bonds may be in an amount equal to the probable tolls and other revenues to be received from the operation of the toll tunnel during any period of time determined by the authority and fixed in its discretion, and may be paid for out of the toll revenue fund as specified in the proceedings.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 31223
What does Public Contract Code - PCC § 31223 cover?
Section 31223 ("The authority may also carry insurance or indemnity bonds insuring against the lo") 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 § 31223?
A common citation format is "Public Contract Code - PCC § 31223" (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 § 31223 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.