California § 53509 - Any bond issued under the authority of this article may be refunded pursuant to t
Full text of California Public Contract Code - PCC § 53509 — Any bond issued under the authority of this article may be refunded pursuant to t, with citation guidance and answers to common questions.
§ 53509. Any bond issued under the authority of this article may be refunded pursuant to t
(a) Any bond issued under the authority of this article may be refunded pursuant to this or any other applicable law. Any bond may be refunded pursuant to this article regardless of whether the bond or the legislation under which its issuance was authorized explicitly provides that the bond may be refunded. (b) Refunding bonds shall not be issued if the total net interest cost to maturity on the refunding bonds plus the principal amount of the refunding bonds exceeds the total net interest cost to maturity on the bonds to be refunded plus the principal amount of the bonds to be refunded. Subject to that limitation, the principal amount of the refunding bonds may be more than, less than, or the same as the principal amount of the bonds to be refunded.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 53509
What does Public Contract Code - PCC § 53509 cover?
Section 53509 ("Any bond issued under the authority of this article may be refunded pursuant to t") 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 § 53509?
A common citation format is "Public Contract Code - PCC § 53509" (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 § 53509 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.