California § 5311 - If sufficient bids are not received to consume the money in the sinking fund, and
Full text of California Public Contract Code - PCC § 5311 — If sufficient bids are not received to consume the money in the sinking fund, and, with citation guidance and answers to common questions.
§ 5311. If sufficient bids are not received to consume the money in the sinking fund, and
If sufficient bids are not received to consume the money in the sinking fund, and a sum sufficient for the purpose still remains in the sinking fund, notice shall be given by advertisement for not less than thirty days, stating that there is an amount, to be specified in the notice, still remaining in the sinking fund to be applied to the redemption of the bonds with interest, having the highest numbers, specifying the numbers. If those bonds are not presented for redemption, surrender, and cancellation within the time specified in the notice, they shall thereafter cease to draw interest. The amount in the sinking fund shall be kept for their redemption when presented, but no more shall be paid than the amount of principal and interest due at the expiration of the time specified in the notice.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5311
What does Public Contract Code - PCC § 5311 cover?
Section 5311 ("If sufficient bids are not received to consume the money in the sinking fund, and") 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 § 5311?
A common citation format is "Public Contract Code - PCC § 5311" (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 § 5311 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.