California § 33117 - The authority may provide for the making of a covenant requiring the authority to
Full text of California Public Contract Code - PCC § 33117 — The authority may provide for the making of a covenant requiring the authority to, with citation guidance and answers to common questions.
§ 33117. The authority may provide for the making of a covenant requiring the authority to
The authority may provide for the making of a covenant requiring the authority to provide for the establishment and maintenance of reserve funds, sinking funds, or other special funds in the city treasury or special trust accounts in a bank or trust company to insure payment, when due or payable, whether at maturity or upon redemption, of the principal of and interest on any bonds, including premiums, if any due, upon the redemption of any thereof, or to insure the application of the proceeds of such bonds to the purposes for which the same were issued, or for any other appropriate purpose. Any money placed in any such reserve, sinking, or other special fund or trust account shall constitute a trust fund and shall be applied only to the purposes for which it was created.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 33117
What does Public Contract Code - PCC § 33117 cover?
Section 33117 ("The authority may provide for the making of a covenant requiring the authority to") 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 § 33117?
A common citation format is "Public Contract Code - PCC § 33117" (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 § 33117 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.