California § 38461 - If the land was acquired by money derived from bonds authorized for park purposes
Full text of California Public Contract Code - PCC § 38461 — If the land was acquired by money derived from bonds authorized for park purposes, with citation guidance and answers to common questions.
§ 38461. If the land was acquired by money derived from bonds authorized for park purposes
If the land was acquired by money derived from bonds authorized for park purposes, and the land sold, the reasonable market value of the land at the time of adoption of the ordinance shall be transferred to the bond fund from such other municipal fund as the legislative body determines. If the land was not acquired from bond funds and the land is sold, the proceeds from such sale shall be deposited in the general fund of the city.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 38461
What does Public Contract Code - PCC § 38461 cover?
Section 38461 ("If the land was acquired by money derived from bonds authorized for park purposes") 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 § 38461?
A common citation format is "Public Contract Code - PCC § 38461" (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 § 38461 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.