California § 8881 - Where a special reserve fund is created for a bond issue, the assessment levied o
Full text of California Public Contract Code - PCC § 8881 — Where a special reserve fund is created for a bond issue, the assessment levied o, with citation guidance and answers to common questions.
§ 8881. Where a special reserve fund is created for a bond issue, the assessment levied o
Where a special reserve fund is created for a bond issue, the assessment levied on any parcel for the payment of the bond issue shall be reduced upon the payment, in whole or in part, of the assessment pursuant to provisions for either (1) cash payments of assessments prior to the issuance of the bonds or (2) advance payment of assessments following the issuance of the bonds. The proportional reduction on the assessment shall equal the ratio of the total amount initially provided for the special reserve fund to the total amount originally assessed in the proceedings for the bond issue.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 8881
What does Public Contract Code - PCC § 8881 cover?
Section 8881 ("Where a special reserve fund is created for a bond issue, the assessment levied o") 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 § 8881?
A common citation format is "Public Contract Code - PCC § 8881" (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 § 8881 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.