California § 51127 - The agency may insure or guarantee any obligation held by the agency and secured
Full text of California Public Contract Code - PCC § 51127 — The agency may insure or guarantee any obligation held by the agency and secured, with citation guidance and answers to common questions.
§ 51127. The agency may insure or guarantee any obligation held by the agency and secured
The agency may insure or guarantee any obligation held by the agency and secured by a mortage on a housing development or residential structure for the purpose of increasing its acceptability or value for sale or as security for other obligations. The agency may also insure or guarantee any loan, or participation in a loan, for rehabilitation or home improvement which is insured by an agency or instrumentality of the United States and which is held by the agency. Nothing in this section shall, however, be construed as authorizing the creation of a debt or liability of the state within the meaning of Section 1 of Article XVI of the State Constitution.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 51127
What does Public Contract Code - PCC § 51127 cover?
Section 51127 ("The agency may insure or guarantee any obligation held by the agency and secured") 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 § 51127?
A common citation format is "Public Contract Code - PCC § 51127" (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 § 51127 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.