California § 55703 - If the maturity of the indebtedness created by the issue of the bonds is made to
Full text of California Public Contract Code - PCC § 55703 — If the maturity of the indebtedness created by the issue of the bonds is made to, with citation guidance and answers to common questions.
§ 55703. If the maturity of the indebtedness created by the issue of the bonds is made to
If the maturity of the indebtedness created by the issue of the bonds is made to begin more than one year after the date of issue, the tax shall be levied and collected each year, sufficient to pay the interest on the indebtedness as it falls due, and also to constitute a sinking fund for the payment of the principal on or before maturity.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 55703
What does Public Contract Code - PCC § 55703 cover?
Section 55703 ("If the maturity of the indebtedness created by the issue of the bonds is made 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 § 55703?
A common citation format is "Public Contract Code - PCC § 55703" (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 § 55703 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.