California § 51126 - The agency may invest in, purchase, or make commitments to purchase any residenti
Full text of California Public Contract Code - PCC § 51126 — The agency may invest in, purchase, or make commitments to purchase any residenti, with citation guidance and answers to common questions.
§ 51126. The agency may invest in, purchase, or make commitments to purchase any residenti
The agency may invest in, purchase, or make commitments to purchase any residential mortgage or any obligation secured by a residential mortgage or participation therein, and sell such obligations, residential mortgages, or participations or create pools of such obligations, residential mortgages, or participations held by the agency and issue and sell securities backed by such pools. The agency shall require the seller of such obligations, residential mortgages, or participations purchased by the agency to use the proceeds for the purpose of financing housing developments and residential structures.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 51126
What does Public Contract Code - PCC § 51126 cover?
Section 51126 ("The agency may invest in, purchase, or make commitments to purchase any residenti") 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 § 51126?
A common citation format is "Public Contract Code - PCC § 51126" (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 § 51126 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.