California § 54666 - The principal of, and interest on, such notes may be paid from the revenues of th
Full text of California Public Contract Code - PCC § 54666 — The principal of, and interest on, such notes may be paid from the revenues of th, with citation guidance and answers to common questions.
§ 54666. The principal of, and interest on, such notes may be paid from the revenues of th
The principal of, and interest on, such notes may be paid from the revenues of the enterprise. If such notes, or any portion thereof, or the interest thereon, have not been previously paid, they shall be paid from the proceeds of the next sale of bonds in anticipation of which the notes were issued. If any of the principal of such notes is paid from the revenues of the enterprise rather than the proceeds of the sale of bonds, the amount of bonds the local agency is authorized to thereafter issue shall be reduced by the amount so paid from the revenues of the enterprise. The total amount of such notes or renewals thereof issued and outstanding shall not exceed the total amount of the unsold bonds.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 54666
What does Public Contract Code - PCC § 54666 cover?
Section 54666 ("The principal of, and interest on, such notes may be paid from the revenues of th") 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 § 54666?
A common citation format is "Public Contract Code - PCC § 54666" (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 § 54666 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.