California § 81363 - The funds derived from the sale or from a lease with an option to purchase shall
Full text of California Public Contract Code - PCC § 81363 — The funds derived from the sale or from a lease with an option to purchase shall, with citation guidance and answers to common questions.
§ 81363. The funds derived from the sale or from a lease with an option to purchase shall
The funds derived from the sale or from a lease with an option to purchase shall be used for capital outlay or deferred maintenance; provided, however, that the proceeds of property sold or leased in accordance with subdivision (a) or (b) of Section 81363.5 may be deposited in the general fund of the district if, prior to the sale or lease, the community college district governing board has determined that the district has no anticipated need for additional sites or building construction for the five-year period following the sale or lease.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 81363
What does Public Contract Code - PCC § 81363 cover?
Section 81363 ("The funds derived from the sale or from a lease with an option to purchase shall") 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 § 81363?
A common citation format is "Public Contract Code - PCC § 81363" (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 § 81363 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.