California § 5809 - All securities as defined in Section 5805, and all bonds, notes, warrants or othe
Full text of California Public Contract Code - PCC § 5809 — All securities as defined in Section 5805, and all bonds, notes, warrants or othe, with citation guidance and answers to common questions.
§ 5809. All securities as defined in Section 5805, and all bonds, notes, warrants or othe
All securities as defined in Section 5805, and all bonds, notes, warrants or other evidences of indebtedness of an issuer in an aggregate principal amount less than five hundred thousand dollars ($500,000), that are issued to finance a public project either by public leaseback or by any lease between a public body as lessee and an issuer as lessor executed after the public project is acquired, constructed or completed and the interest thereon or income therefrom are exempt from all taxation in the state other than gift, inheritance and estate taxes. This section is declaratory of existing law as to the securities, bonds, notes, warrants or other evidences of indebtedness of any issuer that is a joint powers authority or parking authority.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5809
What does Public Contract Code - PCC § 5809 cover?
Section 5809 ("All securities as defined in Section 5805, and all bonds, notes, warrants or othe") 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 § 5809?
A common citation format is "Public Contract Code - PCC § 5809" (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 § 5809 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.