California § 62255 - Commencing in the calendar year in which the authority has allocated a cumulative
Full text of California Public Contract Code - PCC § 62255 — Commencing in the calendar year in which the authority has allocated a cumulative, with citation guidance and answers to common questions.
§ 62255. Commencing in the calendar year in which the authority has allocated a cumulative
Commencing in the calendar year in which the authority has allocated a cumulative total of more than one million dollars ($1,000,000) in property tax increment revenues pursuant to subdivision (a) of Section 62253 or other revenues pursuant to subdivision (b) of Section 62253, including any proceeds of a debt issuance, and each year thereafter, the authority shall contract for an independent audit conducted in accordance with generally accepted governmental auditing standards.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 62255
What does Public Contract Code - PCC § 62255 cover?
Section 62255 ("Commencing in the calendar year in which the authority has allocated a cumulative") 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 § 62255?
A common citation format is "Public Contract Code - PCC § 62255" (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 § 62255 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.