California § 43628 - All premiums and accrued interest received shall be placed in the fund to be used
Full text of California Public Contract Code - PCC § 43628 — All premiums and accrued interest received shall be placed in the fund to be used, with citation guidance and answers to common questions.
§ 43628. All premiums and accrued interest received shall be placed in the fund to be used
All premiums and accrued interest received shall be placed in the fund to be used for the payment of principal of and interest on the bonds, and the remainder of the proceeds of the bonds shall be placed in the treasury to the credit of the proper improvement fund and applied exclusively to the purpose and object recited in the ordinance; provided, however, that when said purpose and object has been accomplished any moneys remaining in such improvement fund shall be transferred to the fund to be used for the payment of principal of and interest on the bonds. Further, when such purpose and object have been accomplished and all principal and interest on the bonds have been paid, any balance of money then remaining shall be transferred to the general fund.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 43628
What does Public Contract Code - PCC § 43628 cover?
Section 43628 ("All premiums and accrued interest received shall be placed in the fund to be used") 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 § 43628?
A common citation format is "Public Contract Code - PCC § 43628" (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 § 43628 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.