California § 55115 - The state does hereby pledge to and agree with the holders of any bonds issued un
Full text of California Public Contract Code - PCC § 55115 — The state does hereby pledge to and agree with the holders of any bonds issued un, with citation guidance and answers to common questions.
§ 55115. The state does hereby pledge to and agree with the holders of any bonds issued un
The state does hereby pledge to and agree with the holders of any bonds issued under this part that the state will not limit or alter the rights hereby vested in the local agency to fulfill the terms of any agreements made with the holders thereof or in any way impair the rights and remedies of the holders until the bonds, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of the holders, are fully met and discharged. The local agency is authorized to include this pledge and agreement of the state in any agreement with the holders of the bonds.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 55115
What does Public Contract Code - PCC § 55115 cover?
Section 55115 ("The state does hereby pledge to and agree with the holders of any bonds issued un") 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 § 55115?
A common citation format is "Public Contract Code - PCC § 55115" (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 § 55115 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.