California § 5159 - If these funds at any time exceed the sums necessary for immediate expenditure on
Full text of California Public Contract Code - PCC § 5159 — If these funds at any time exceed the sums necessary for immediate expenditure on, with citation guidance and answers to common questions.
§ 5159. If these funds at any time exceed the sums necessary for immediate expenditure on
If these funds at any time exceed the sums necessary for immediate expenditure on the park grounds, or if it is advisable to invest them and make them productive, the park commissioners may invest them or any portion, in interest-bearing bonds of the government of the United States, or the State of California, and the commissioners may use the interest and income. The commissioners may, if necessary, sell and dispose of the bonds.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5159
What does Public Contract Code - PCC § 5159 cover?
Section 5159 ("If these funds at any time exceed the sums necessary for immediate expenditure on") 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 § 5159?
A common citation format is "Public Contract Code - PCC § 5159" (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 § 5159 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.