California § 44559.12 - Consistent with subdivision (b) of Section 44559.11, the authority may establish

Full text of California Public Contract Code - PCC § 44559.12 — Consistent with subdivision (b) of Section 44559.11, the authority may establish, with citation guidance and answers to common questions.

§ 44559.12. Consistent with subdivision (b) of Section 44559.11, the authority may establish

(a) Consistent with subdivision (b) of Section 44559.11, the authority may establish loss reserve accounts for the purposes of financing terminal rental adjustment clause leasing, if funds are available for contribution into the loss reserve account from any source other than the authority. The authority shall not contribute any funds into a loss reserve account created pursuant to this section. Funds provided by the federal government for the purposes of providing a loan loss reserve program shall not be contributed to an account created pursuant to this section. (b) The executive director may establish conditions for terminal rental adjustment clause leasing loss reserve accounts created pursuant to this section. (c) As used in this section, “terminal rental adjustment clause” means “terminal rental adjustment clause” as defined in Section 7701(h)(3) of Title 26 of the United States Code.

Source: official California text · Last verified 2026-08-27

Related California Legal Topics

Frequently Asked Questions About California § 44559.12

What does Public Contract Code - PCC § 44559.12 cover?

Section 44559.12 ("Consistent with subdivision (b) of Section 44559.11, the authority may establish") 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 § 44559.12?

A common citation format is "Public Contract Code - PCC § 44559.12" (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 § 44559.12 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.