California § 51054 - The agency may make or undertake commitments to make development loans, construct
Full text of California Public Contract Code - PCC § 51054 — The agency may make or undertake commitments to make development loans, construct, with citation guidance and answers to common questions.
§ 51054. The agency may make or undertake commitments to make development loans, construct
The agency may make or undertake commitments to make development loans, construction loans, mortgage loans, and property improvement loans to housing sponsors to finance housing developments, as provided in Chapter 5 (commencing with Section 51100) of this part. The agency may, in conjunction with a construction loan, set aside a reserve to provide improvement security required under subdivision (c) of Section 66462 and Chapter 5 (commencing with Section 66499) of Division 2 of Title 7 of the Government Code, which shall be in lieu of improvement security otherwise required by such provisions.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 51054
What does Public Contract Code - PCC § 51054 cover?
Section 51054 ("The agency may make or undertake commitments to make development loans, construct") 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 § 51054?
A common citation format is "Public Contract Code - PCC § 51054" (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 § 51054 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.