California § 55002.5 - Pursuant to this division, the local agency may provide financing to pay for or b
Full text of California Public Contract Code - PCC § 55002.5 — Pursuant to this division, the local agency may provide financing to pay for or b, with citation guidance and answers to common questions.
§ 55002.5. Pursuant to this division, the local agency may provide financing to pay for or b
Pursuant to this division, the local agency may provide financing to pay for or buy out any existing note or deed of trust which may be a lien against the real property on which an eligible building is situated, not to exceed an 80 percent loan to appraised value ratio. The local agency shall establish rules and regulations to ensure the repayment of the funds being borrowed and shall establish a minimum equity requirement that the owner of the eligible building must have in the property.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 55002.5
What does Public Contract Code - PCC § 55002.5 cover?
Section 55002.5 ("Pursuant to this division, the local agency may provide financing to pay for or b") 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 § 55002.5?
A common citation format is "Public Contract Code - PCC § 55002.5" (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 § 55002.5 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.