California § 78674 - The department may make loans to local agencies, at the interest rates authorized
Full text of California Public Contract Code - PCC § 78674 — The department may make loans to local agencies, at the interest rates authorized, with citation guidance and answers to common questions.
§ 78674. The department may make loans to local agencies, at the interest rates authorized
The department may make loans to local agencies, at the interest rates authorized under this article and under any terms and conditions as may be determined necessary by the department, for the purposes of financing feasibility studies of projects potentially eligible for funding under this article. No single project shall be eligible to receive more than one hundred thousand dollars ($100,000), and not more than 3 percent of the total amount of bonds authorized to be expended for purposes of this article may be expended for the purposes of financing feasibility studies. A loan for a feasibility study shall not decrease the maximum amount of any other loan which may be made under this article.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 78674
What does Public Contract Code - PCC § 78674 cover?
Section 78674 ("The department may make loans to local agencies, at the interest rates authorized") 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 § 78674?
A common citation format is "Public Contract Code - PCC § 78674" (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 § 78674 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.