California § 9613 - Refunding bonds issued pursuant to this chapter may be exchanged for the bonds to
Full text of California Public Contract Code - PCC § 9613 — Refunding bonds issued pursuant to this chapter may be exchanged for the bonds to, with citation guidance and answers to common questions.
§ 9613. Refunding bonds issued pursuant to this chapter may be exchanged for the bonds to
Refunding bonds issued pursuant to this chapter may be exchanged for the bonds to be refunded on any basis the legislative body determines is for the benefit of the city if the bondholders consent to the exchange. As an alternative to exchanging the refunding bonds for the bonds to be refunded, the legislative body may sell the refunding bonds at public or private sale and at a price at or below par or with a premium. The proceeds of any sale of refunding bonds for cash shall be placed in the treasury of the local agency to the credit of a fund to be established for the purpose of refunding the bonds to be refunded, and the proceeds shall be applied only as permitted by this division.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 9613
What does Public Contract Code - PCC § 9613 cover?
Section 9613 ("Refunding bonds issued pursuant to this chapter may be exchanged for the bonds to") 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 § 9613?
A common citation format is "Public Contract Code - PCC § 9613" (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 § 9613 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.