California § 5790.11 - All premiums and accrued interest received from the sale of the bonds shall be de
Full text of California Public Contract Code - PCC § 5790.11 — All premiums and accrued interest received from the sale of the bonds shall be de, with citation guidance and answers to common questions.
§ 5790.11. All premiums and accrued interest received from the sale of the bonds shall be de
(a) All premiums and accrued interest received from the sale of the bonds shall be deposited with the treasurer in a special bond service fund to be used for the payment of the principal of and interest on the bonds, and the remainder of the proceeds of the bonds shall be placed to the credit of the proper improvement fund and applied exclusively to the purposes stated in the proposition approved by the voters. (b) When the purpose has been accomplished, any moneys remaining in the improvement fund shall be transferred to the special bond fund. When the purpose has been accomplished and all principal and interest on the bonds have been paid, any balance of money then remaining shall be transferred to the districtâs general fund.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5790.11
What does Public Contract Code - PCC § 5790.11 cover?
Section 5790.11 ("All premiums and accrued interest received from the sale of the bonds shall be de") 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 § 5790.11?
A common citation format is "Public Contract Code - PCC § 5790.11" (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 § 5790.11 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.