California § 6509.5 - Any separate agency or entity created pursuant to this chapter shall have the pow
Full text of California Public Contract Code - PCC § 6509.5 — Any separate agency or entity created pursuant to this chapter shall have the pow, with citation guidance and answers to common questions.
§ 6509.5. Any separate agency or entity created pursuant to this chapter shall have the pow
Any separate agency or entity created pursuant to this chapter shall have the power to invest any money in the treasury pursuant to Section 6505.5 that is not required for the immediate necessities of the agency or entity, as the agency or entity determines is advisable, in the same manner and upon the same conditions as local agencies pursuant to Section 53601 of the Government Code. If a nonprofit corporation is designated by the agreement to administer or execute the agreement for the parties to the agreement, it shall invest any moneys held for disbursement on behalf of the parties in the same manner and upon the same conditions as local agencies pursuant to Section 53601.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 6509.5
What does Public Contract Code - PCC § 6509.5 cover?
Section 6509.5 ("Any separate agency or entity created pursuant to this chapter shall have the pow") 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 § 6509.5?
A common citation format is "Public Contract Code - PCC § 6509.5" (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 § 6509.5 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.