California § 71811 - A district may issue negotiable promissory notes pursuant to this section to acqu
Full text of California Public Contract Code - PCC § 71811 — A district may issue negotiable promissory notes pursuant to this section to acqu, with citation guidance and answers to common questions.
§ 71811. A district may issue negotiable promissory notes pursuant to this section to acqu
A district may issue negotiable promissory notes pursuant to this section to acquire funds for any district purposes. The maturity of the promissory notes shall not be later than five years from the date thereof. The total aggregate amount of the notes outstanding, at any one time, may be at least equal to seventy-five thousand dollars ($75,000) in any district but shall not exceed the lesser of either five million dollars ($5,000,000) or 3 percent of the assessed valuation of the taxable property in the district or, if the assessed valuation is not obtainable, 3 percent of the county auditorâs estimate of the assessed valuation of the taxable property in the district evidenced by his certificate . Promissory notes issued pursuant to Section 71812 may be disregarded in computing the aggregate amount of notes that may be issued pursuant to this section.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 71811
What does Public Contract Code - PCC § 71811 cover?
Section 71811 ("A district may issue negotiable promissory notes pursuant to this section to acqu") 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 § 71811?
A common citation format is "Public Contract Code - PCC § 71811" (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 § 71811 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.