California § 36404 - The board may, in its resolution authorizing the issuance of such warrants, provi
Full text of California Public Contract Code - PCC § 36404 — The board may, in its resolution authorizing the issuance of such warrants, provi, with citation guidance and answers to common questions.
§ 36404. The board may, in its resolution authorizing the issuance of such warrants, provi
The board may, in its resolution authorizing the issuance of such warrants, provide that the warrants shall be subject to call and redemption prior to maturity, at the option of the district, at such price or prices as may be fixed in the resolution, not exceeding a premium of 6 percent of the par value of the warrants so subject to redemption. The resolution shall fix the method of giving notice of redemption to the holders of warrants to be redeemed and the price or prices at which the warrants shall be subject to redemption. Warrants so subject to call and redemption prior to maturity shall contain a recital to that effect on their face, and no warrant issued under this chapter shall be subject to call or redemption prior to its fixed maturity date unless it contains such recital.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 36404
What does Public Contract Code - PCC § 36404 cover?
Section 36404 ("The board may, in its resolution authorizing the issuance of such warrants, provi") 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 § 36404?
A common citation format is "Public Contract Code - PCC § 36404" (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 § 36404 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.