California § 485.35 - The Supplementary Bond Security Account is hereby created in the California Natio
Full text of California Public Contract Code - PCC § 485.35 — The Supplementary Bond Security Account is hereby created in the California Natio, with citation guidance and answers to common questions.
§ 485.35. The Supplementary Bond Security Account is hereby created in the California Natio
The Supplementary Bond Security Account is hereby created in the California National Guard Membersâ Farm and Home Building Fund of 1978. Any moneys appropriated to the account shall be used to secure payment of the principal of and interest on outstanding revenue bonds. Moneys in the account may be used to directly pay the principal of and interest on revenue bonds as provided by bond resolution. Moneys in the account not needed to meet revenue bond obligations shall be invested by the Pooled Money Investment Board (Section 16480.1 of the Government Code), and all interest income therefrom shall be deposited in the General Fund at the end of each fiscal year. When all obligations secured by the account are retired, the account shall be dissolved and all moneys therein shall be used first for repayment to the General Fund of the amounts advanced by General Fund appropriations. Any remaining amount shall be transferred to the National Guard Membersâ Farm and Home Building Fund of 1978 and applied to further the purposes of this chapter.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 485.35
What does Public Contract Code - PCC § 485.35 cover?
Section 485.35 ("The Supplementary Bond Security Account is hereby created in the California Natio") 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 § 485.35?
A common citation format is "Public Contract Code - PCC § 485.35" (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 § 485.35 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.