California § 53837 - A special district may borrow money pursuant to this article, the indebtedness to
Full text of California Public Contract Code - PCC § 53837 — A special district may borrow money pursuant to this article, the indebtedness to, with citation guidance and answers to common questions.
§ 53837. A special district may borrow money pursuant to this article, the indebtedness to
(a) A special district may borrow money pursuant to this article, the indebtedness to be represented by a securitized limited obligation note or notes issued to the lender pursuant to this article. (b) The money borrowed may be used and expended by the special district solely for the acquisition or improvement of land, facilities, or equipment. (c) Any note issued pursuant to this article shall be exempt from all taxation within the state.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 53837
What does Public Contract Code - PCC § 53837 cover?
Section 53837 ("A special district may borrow money pursuant to this article, the indebtedness to") 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 § 53837?
A common citation format is "Public Contract Code - PCC § 53837" (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 § 53837 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.