California § 55520 - The board may issue and sell the bonds of the district, when authorized, at not l
Full text of California Public Contract Code - PCC § 55520 — The board may issue and sell the bonds of the district, when authorized, at not l, with citation guidance and answers to common questions.
§ 55520. The board may issue and sell the bonds of the district, when authorized, at not l
The board may issue and sell the bonds of the district, when authorized, at not less than par value, and the proceeds of the sale shall be placed in the county treasury or other depository for the districtâs fund to the credit of the proper district fund and shall be applied exclusively to the purposes and objects mentioned in the ordinance or resolution ordering the holding of the bond election; provided, however, that when said purposes and objects have been accomplished any moneys remaining in said fund shall be transferred to the general fund of the district and may be used by the board for any lawful purpose of the district.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 55520
What does Public Contract Code - PCC § 55520 cover?
Section 55520 ("The board may issue and sell the bonds of the district, when authorized, at not l") 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 § 55520?
A common citation format is "Public Contract Code - PCC § 55520" (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 § 55520 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.