California § 42023.2 - Upon authorization by the Legislature in the annual Budget Act, the Controller sh
Full text of California Public Contract Code - PCC § 42023.2 — Upon authorization by the Legislature in the annual Budget Act, the Controller sh, with citation guidance and answers to common questions.
§ 42023.2. Upon authorization by the Legislature in the annual Budget Act, the Controller sh
(a) Upon authorization by the Legislature in the annual Budget Act, the Controller shall transfer a sum, as available, from the account to the subaccount as necessary to meet anticipated loan demand under the program. (b) (1) Except as provided in paragraph (2), this section shall become inoperative on July 1, 2031, and as of January 1, 2032, is repealed, unless a later enacted statute, which becomes effective on or before January 1, 2032, deletes or extends the date on which it becomes inoperative and is repealed. (2) (A) The repeal of this section pursuant to paragraph (1) shall not extinguish any loan obligation or the authority of the state to pursue appropriate actions for the collection of a loan. (B) The department shall not be obligated to pay interest on the amount appropriated from the account to the subaccount pursuant to subdivision (a). This subparagraph shall apply retroactively from January 1, 1992.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 42023.2
What does Public Contract Code - PCC § 42023.2 cover?
Section 42023.2 ("Upon authorization by the Legislature in the annual Budget Act, the Controller sh") 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 § 42023.2?
A common citation format is "Public Contract Code - PCC § 42023.2" (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 § 42023.2 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.