California § 5363 - The legislative body may issue and sell the bonds at not less than par value, and
Full text of California Public Contract Code - PCC § 5363 — The legislative body may issue and sell the bonds at not less than par value, and, with citation guidance and answers to common questions.
§ 5363. The legislative body may issue and sell the bonds at not less than par value, and
The legislative body may issue and sell the bonds at not less than par value, and the proceeds of the sale of the bonds shall be placed in the treasury of the municipality to the credit of the proper district funds and shall be applied exclusively to the purposes and objects mentioned in the ordinance or resolution ordering the holding of the bond election and to the incidental expense in connection therewith.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5363
What does Public Contract Code - PCC § 5363 cover?
Section 5363 ("The legislative body may issue and sell the bonds at not less than par value, 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 § 5363?
A common citation format is "Public Contract Code - PCC § 5363" (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 § 5363 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.