California § 6550.15 - All taxes collected pursuant to this article shall be expended only for the payme

Full text of California Public Contract Code - PCC § 6550.15 — All taxes collected pursuant to this article shall be expended only for the payme, with citation guidance and answers to common questions.

§ 6550.15. All taxes collected pursuant to this article shall be expended only for the payme

All taxes collected pursuant to this article shall be expended only for the payment of bond principal and interest, or only for the improvement district project for which levied, except that any surplus tax proceeds levied otherwise than for payment of bond principal and interest which remain after the completion of any improvement district project for which levied shall be transferred to the bond interest and redemption fund of such improvement district, if any, otherwise to the district’s general fund.

Source: official California text · Last verified 2026-08-27

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Frequently Asked Questions About California § 6550.15

What does Public Contract Code - PCC § 6550.15 cover?

Section 6550.15 ("All taxes collected pursuant to this article shall be expended only for the payme") 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 § 6550.15?

A common citation format is "Public Contract Code - PCC § 6550.15" (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 § 6550.15 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.