California § 6589 - An authority may enter into a bond purchase agreement with a local agency or agen
Full text of California Public Contract Code - PCC § 6589 — An authority may enter into a bond purchase agreement with a local agency or agen, with citation guidance and answers to common questions.
§ 6589. An authority may enter into a bond purchase agreement with a local agency or agen
An authority may enter into a bond purchase agreement with a local agency or agencies. The bond purchase agreement shall specify the maximum rate of interest, the cost of issuance, the amount of required reserve, and the procedure to be used in case of default. Notwithstanding any other provision of law, local agencies may sell their bonds to the authority on a negotiated basis without compliance with any public sale requirement included in the statutes under which the bonds are issued.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 6589
What does Public Contract Code - PCC § 6589 cover?
Section 6589 ("An authority may enter into a bond purchase agreement with a local agency or agen") 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 § 6589?
A common citation format is "Public Contract Code - PCC § 6589" (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 § 6589 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.