California § 8514 - Notwithstanding any other provision of this division, income realized from the in
Full text of California Public Contract Code - PCC § 8514 — Notwithstanding any other provision of this division, income realized from the in, with citation guidance and answers to common questions.
§ 8514. Notwithstanding any other provision of this division, income realized from the in
Notwithstanding any other provision of this division, income realized from the investment of money on deposit in a fund or account established pursuant to this division may be used, at the option of the legislative body, to pay all or any portion of any amount required to be rebated to the United States in order that interest on obligations issued pursuant to this division be excluded from gross income for purposes of federal income taxation.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 8514
What does Public Contract Code - PCC § 8514 cover?
Section 8514 ("Notwithstanding any other provision of this division, income realized from the in") 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 § 8514?
A common citation format is "Public Contract Code - PCC § 8514" (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 § 8514 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.