California § 59562 - When the new bonds or money is delivered to the bondholders, they shall concurren
Full text of California Public Contract Code - PCC § 59562 — When the new bonds or money is delivered to the bondholders, they shall concurren, with citation guidance and answers to common questions.
§ 59562. When the new bonds or money is delivered to the bondholders, they shall concurren
When the new bonds or money is delivered to the bondholders, they shall concurrently deliver to the legislative body or its representatives the original bonds which are refunded and all outstanding unpaid interest coupons, constituting the entire indebtedness of the district, which shall immediately be canceled.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 59562
What does Public Contract Code - PCC § 59562 cover?
Section 59562 ("When the new bonds or money is delivered to the bondholders, they shall concurren") 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 § 59562?
A common citation format is "Public Contract Code - PCC § 59562" (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 § 59562 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.