California § 4993 - If the proceeds of the bonds for any reason are less than the cost of the works,
Full text of California Public Contract Code - PCC § 4993 — If the proceeds of the bonds for any reason are less than the cost of the works,, with citation guidance and answers to common questions.
§ 4993. If the proceeds of the bonds for any reason are less than the cost of the works,
If the proceeds of the bonds for any reason are less than the cost of the works, additional bonds may in like manner be issued and sold to provide for the amount of the deficit, but not to exceed the amount necessary to complete the works according to the original plans and specifications. Such deficiency bonds shall be deemed to be the same in all respects as the original issue, and shall be entitled to payment, without preference or priority over the bonds first issued, and shall be disposed of in like manner.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 4993
What does Public Contract Code - PCC § 4993 cover?
Section 4993 ("If the proceeds of the bonds for any reason are less than the cost of the works,") 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 § 4993?
A common citation format is "Public Contract Code - PCC § 4993" (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 § 4993 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.