California § 36554 - The annual estimate may include an amount to be determined by the board but not t
Full text of California Public Contract Code - PCC § 36554 — The annual estimate may include an amount to be determined by the board but not t, with citation guidance and answers to common questions.
§ 36554. The annual estimate may include an amount to be determined by the board but not t
The annual estimate may include an amount to be determined by the board but not to exceed 1 percent of the total assessed value of the land, which sum shall be apportioned to the bond fund and used for the redemption or purchase of unmatured bonds or for the creation of a sinking fund to pay bonds as they become due.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 36554
What does Public Contract Code - PCC § 36554 cover?
Section 36554 ("The annual estimate may include an amount to be determined by the board but not t") 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 § 36554?
A common citation format is "Public Contract Code - PCC § 36554" (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 § 36554 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.