California § 9616 - The proceeds and investments in escrow or trust shall be in an amount at the time
Full text of California Public Contract Code - PCC § 9616 — The proceeds and investments in escrow or trust shall be in an amount at the time, with citation guidance and answers to common questions.
§ 9616. The proceeds and investments in escrow or trust shall be in an amount at the time
The proceeds and investments in escrow or trust shall be in an amount at the time of issuance of such refunding bonds which is certified by a certified public accountant licensed to practice in this state to be sufficient, together with any interest or other gain to be derived from any such investment, to pay the principal of and interest and redemption premiums, if any, on the refunded bonds as they become due or at designated dates prior to maturity (in connection with which the legislative body has exercised or has obligated itself to exercise a redemption privilege on behalf of the city), and the designated costs of issuance of the refunding bonds.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 9616
What does Public Contract Code - PCC § 9616 cover?
Section 9616 ("The proceeds and investments in escrow or trust shall be in an amount at the time") 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 § 9616?
A common citation format is "Public Contract Code - PCC § 9616" (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 § 9616 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.