California § 53040 - When the board has filed an operation and maintenance assessment roll in the offi
Full text of California Public Contract Code - PCC § 53040 — When the board has filed an operation and maintenance assessment roll in the offi, with citation guidance and answers to common questions.
§ 53040. When the board has filed an operation and maintenance assessment roll in the offi
When the board has filed an operation and maintenance assessment roll in the office of the county treasurer, and has directed an assessment levied against that roll to be paid in annual installments, it may issue and sell, or otherwise dispose of, time warrants based upon, and in anticipation of, the collection of such assessment levy, to pay the expenses for the payment of which the assessment was levied on a cash basis, or for the purpose of paying any outstanding warrants payable from such assessment levy. The period over which annual installments of the assessment shall be paid shall not exceed five years or the maturity of time warrants issued pursuant to Section 53042.5.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 53040
What does Public Contract Code - PCC § 53040 cover?
Section 53040 ("When the board has filed an operation and maintenance assessment roll in the offi") 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 § 53040?
A common citation format is "Public Contract Code - PCC § 53040" (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 § 53040 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.