California § 63053 - The bank may administer and distribute among its accounts and subaccounts, at its
Full text of California Public Contract Code - PCC § 63053 — The bank may administer and distribute among its accounts and subaccounts, at its, with citation guidance and answers to common questions.
§ 63053. The bank may administer and distribute among its accounts and subaccounts, at its
(a) The bank may administer and distribute among its accounts and subaccounts, at its discretion, the proceeds from any general obligation bonds issued in accordance with the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2). (b) The assets of the infrastructure bank fund shall be available for the payment of the salaries and other expenses charged against it in accordance with this division.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 63053
What does Public Contract Code - PCC § 63053 cover?
Section 63053 ("The bank may administer and distribute among its accounts and subaccounts, at its") 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 § 63053?
A common citation format is "Public Contract Code - PCC § 63053" (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 § 63053 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.