California § 487.2 - Refunding revenue bonds shall not constitute a debt or obligation of the State of
Full text of California Public Contract Code - PCC § 487.2 — Refunding revenue bonds shall not constitute a debt or obligation of the State of, with citation guidance and answers to common questions.
§ 487.2. Refunding revenue bonds shall not constitute a debt or obligation of the State of
Refunding revenue bonds shall not constitute a debt or obligation of the State of California but shall be revenue bonds of the department of the same character and payable from the same funds as other revenue bonds authorized pursuant to this chapter. Any and all reserve or other funds applicable to the payment of the revenue bonds to be refunded may, if so directed by the department, be transferred to any reserve or other funds provided with respect to the refunding bonds. The pledge of revenues to be received from contracts entered into by the department with California National Guard members shall not be lessened, diminished, or affected in any way by the issuance of such refunding bonds.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 487.2
What does Public Contract Code - PCC § 487.2 cover?
Section 487.2 ("Refunding revenue bonds shall not constitute a debt or obligation of the State of") 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 § 487.2?
A common citation format is "Public Contract Code - PCC § 487.2" (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 § 487.2 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.