California § 5920 - The Legislature finds and declares that the incurring or carrying of obligations
Full text of California Public Contract Code - PCC § 5920 — The Legislature finds and declares that the incurring or carrying of obligations, with citation guidance and answers to common questions.
§ 5920. The Legislature finds and declares that the incurring or carrying of obligations
The Legislature finds and declares that the incurring or carrying of obligations and making and managing of investments by state and local governments involves a variety of interest rates, payment, and other risks, that a number of financial instruments are available to offset, hedge, or reduce, and improve net costs, and that many state agencies and local governments lack express statutory authority to take advantage of those instruments.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 5920
What does Public Contract Code - PCC § 5920 cover?
Section 5920 ("The Legislature finds and declares that the incurring or carrying of obligations") 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 § 5920?
A common citation format is "Public Contract Code - PCC § 5920" (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 § 5920 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.