California § 92267 - The proceeds of any bonds issued for the additional purpose of paying all or any
Full text of California Public Contract Code - PCC § 92267 — The proceeds of any bonds issued for the additional purpose of paying all or any, with citation guidance and answers to common questions.
§ 92267. The proceeds of any bonds issued for the additional purpose of paying all or any
The proceeds of any bonds issued for the additional purpose of paying all or any part of the cost of constructing and acquiring additions, improvements, extensions, or enlargements of a project may be invested and reinvested by the Treasurer in obligations of, or guaranteed by, the United States of America, or in certificates of deposit or time deposits secured by obligations of, or guaranteed by, the United States of America, maturing not later than the time or times when the proceeds will be needed for the purpose of paying all or any part of the cost. The interest, income, and profits, if any, earned or realized on the investment may be applied to the payment of all or any part of the cost or may be used by the commission in any lawful manner.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 92267
What does Public Contract Code - PCC § 92267 cover?
Section 92267 ("The proceeds of any bonds issued for the additional purpose of paying all or any") 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 § 92267?
A common citation format is "Public Contract Code - PCC § 92267" (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 § 92267 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.