California § 8772 - If the legislative body determines that in its judgment there will be a shortage
Full text of California Public Contract Code - PCC § 8772 — If the legislative body determines that in its judgment there will be a shortage, with citation guidance and answers to common questions.
§ 8772. If the legislative body determines that in its judgment there will be a shortage
If the legislative body determines that in its judgment there will be a shortage in the redemption fund, it shall direct the treasurer to pay to the holders of all outstanding and unpaid bonds such proportion thereof as the amount of funds on hand bears to the total amount of the unpaid principal of the bonds and the interest which has accrued or will accrue thereon. Similar proportionate payments shall thereafter be made periodically as moneys come into the redemption fund.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 8772
What does Public Contract Code - PCC § 8772 cover?
Section 8772 ("If the legislative body determines that in its judgment there will be a shortage") 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 § 8772?
A common citation format is "Public Contract Code - PCC § 8772" (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 § 8772 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.