California § 44562 - The State of California does hereby pledge to and agree with the holders of any o
Full text of California Public Contract Code - PCC § 44562 — The State of California does hereby pledge to and agree with the holders of any o, with citation guidance and answers to common questions.
§ 44562. The State of California does hereby pledge to and agree with the holders of any o
The State of California does hereby pledge to and agree with the holders of any obligations issued under this division, and with those parties who may enter into contracts with the authority pursuant to the provisions of this division, that the state will not limit or alter the rights hereby vested in the authority until such obligations, together with the interest thereon, are fully met and discharged and such contracts are fully performed on the part of the authority, provided nothing herein contained shall preclude such limitation or alteration if and when adequate provision shall be made by law for the protection of the holders of such obligations of the authority or those entering into such contracts with the authority. The authority as agent for the state is authorized to include this pledge and undertaking for the state in such obligations or contracts.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 44562
What does Public Contract Code - PCC § 44562 cover?
Section 44562 ("The State of California does hereby pledge to and agree with the holders of any o") 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 § 44562?
A common citation format is "Public Contract Code - PCC § 44562" (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 § 44562 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.